5-7 Commercial St W, Mount Gambier is a 10 bedroom, 5 bathroom Unit with 1 parking spaces. The property has a land size of 371m2. While the property is not currently for sale or for rent, it was last sold in August 1995.
Seeking return on money for investment-this is it! Approximately 8.2% Gross Return!!
Low maintenance, zoned residential and centrally located close to public transport. All 5 units are on the one title.
The property consists of 5, 2 bedroom double brick units, open living with kitchen, meals and lounge.
There is off street parking available for all units.
All 5 units have current tenants.
UNIT 1 - $180.00 per week - Unit has been renovated throughout.
UNIT 2 - $160.00 per week
UNIT 3 - $130.00 per week
UNIT 4 - $180.00 per week - Unit has been renovated throughout.
UNIT 5 - $125.00 per week - Long term tenant. In unit since 1996.
With improvements to units 2, 3 and 5 you could possibly get $900.00 per week combined.
This is the perfect addition to your investment portfolio.
The size of Mount Gambier is approximately 26.8 square kilometres. There are 114 parks, covering nearly 24.0% of the total area. The population of Mount Gambier in 2016 was 25512 people. By 2021 the population was 25591 showing a population growth of 0.3% in the area during that time. The predominant age group in Mount Gambier is 50-59 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a community and personal service occupation.In 2021, 62.70% of the homes in Mount Gambier were owner-occupied compared with 61.30% in 2016.
Mount Gambier has 13,849 properties. Over the last 5 years, Houses in Mount Gambier have seen a 111.00% increase in median value, while Units have seen a 108.24% increase. As at 30 June 2026:
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