60 Commercial Street W, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
OFF MARKET

60 Commercial Street W
Mount Gambier SA 5290

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 252m2
Land area: 345m2
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Property Details for 60 Commercial St W, Mount Gambier

Building Type
Commercial
Floor Size
252m2
Land Size
345m2
Local Government
Mount Gambier
Lot/Plan
A51/D12473

Last Listing description (November 2023)

Are you ready to turn your entrepreneurial dreams into reality or perhaps you are after a sound investment opportunity?

This completely refurbished premises is located in the thriving Mount Gambier CBD, and comes completely furnished with all plant and equipment and fit out, providing a golden opportunity for savvy investors and passionate business enthusiasts alike to walk in and start trading.

Whether you are looking to purchase and lease out, start your own business venture or continue to run as a successful cafe the choices and opportunities for this property are endless. Unleash your creativity and transform this versatile space into your dream business idea!

Recently a thriving cafe to a loyal clientele the property is well suited to a multitude of ventures:

- Open a restaurant or start your very own trendy cafe with equipment included.
- Establish a dynamic co-working space for entrepreneurs and remote workers.
- Develop a retail business idea.
- The potential is limitless let your imagination run wild!

Situated in the heart of picturesque Mount Gambier, 60 Commercial Street West is more than just a property; it's an investment in a prime location. Nestled within the vibrant community, your business will thrive with a constant flow of locals and tourists, all drawn to this charming destination.

Within close proximity to the stunning Blue Lake and renowned tourist attractions and easy access to local amenities, making daily operations a breeze.

What's on offer:

- A spacious 245m2 building with a thoughtfully planned layout, featuring a sizable commercial kitchen, modern amenities, a well-appointed office space, a cafe servery area, and versatile retail and dining spaces.
- This opportunity includes all assets, completely free from leases or loans, allowing you to start your business hassle-free.
- The property is equipped with an extensive array of roof-mounted solar panels, ensuring cost-efficient energy with no binding contracts.
- Extensive security including alarm and CCTV.
- Rare and valuable rear off-street parking and a right-of-way drive provide convenient access, along with an exclusive delivery entrance at the rear of the property.

In the heart of the CBD, this pristine commercial property is available for sale via Expressions of Interest Closing Friday 17th November at 12 Noon (if not sold prior).

The present owners are also receptive to considering offers to lease, which may facilitate an agreement between an investor purchaser and motivated lessee. Any prospective lease will be contingent upon the property's sale to an investor.

For full details, please contact Gail Richards on 0409 268 199.

Extra Information:
Council Rates / $3395.86 p/a
Emergency Services Levy / $500.00 p/a
SA Water Supply Charge / $74.20 p/qtr
SA Water Sewer Supply Charge / $168.24 p/qtr
Lease Appraisal - Approx $45,000 + GST & Outgoings Per Annum

Disclaimer:
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Please read the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.

Property History for 60 Commercial St W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Transferred
$665,000
12 Feb 2026
  • 12 Feb 2026
    Transferred for $665,000
  • 20 Oct 2023
    Listed for Sale $795,000 + GST
  • 29 May 2023
    Listed for Sale Contact Agent
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About Mount Gambier 5290

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 13,874 properties. Over the last 5 years, Houses in Mount Gambier have seen a 107.93% increase in median value, while Units have seen a 105.41% increase. As at 31 July 2026:

  • The median value for Houses in Mount Gambier is $578,108 while the median value for Units is $411,961.
  • Houses have a median rent of $475 while Units have a median rent of $360.
There are currently 103 properties listed for sale, and 56 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 696 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.