Fourth StreetSnowtown SA 5520
Property Details for Lot 691 Fourth St, Snowtown
Last Listing description (December 2016)
An investment opportunity to purchase a long standing business with a high yield has arrived!!!
This top investment opportunity sits on a 224.3m2 allotment on one title.
The long standing Deli is superbly located just off the Augusta Highway, the current tennants have been insitu for over 5 years!!!!
Snowtown is a growing area with established wind farms and has a major silo through fare.
The rates and outgoings are paid by the tennant.
Improvements include a new colourbond roof, gutters and downpipes.
Brand new split system heating/cooling with new wiring.
There is also potential to lease out the adjoining room separately!!!!
Rental is $6257.00p/a inclusive of GST
This is a yield of 12.8%!!!!!
Call now to discuss this fabulous opportunity to either start or add to your investment portfolio!!!
Perfect for the self managed super fund!!
Property History for Lot 691 Fourth St, Snowtown, SA 5520
- 01 Feb 2021Sold for $27,000
- 16 Dec 2016Sold for $26,000
- 02 Feb 2016Listed for Sale $48,500
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0About Snowtown 5520
The size of Snowtown is approximately 178.4 square kilometres. There is 1 park, covering nearly 0.3% of the total area. The population of Snowtown in 2016 was 467 people. By 2021 the population was 425 showing a population decline of 9.0% in the area during that time. The predominant age group in Snowtown is 60-69 years. Households in Snowtown are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Snowtown work in a labourer occupation.In 2021, 77.30% of the homes in Snowtown were owner-occupied compared with 72.60% in 2016.
Snowtown has 483 properties. Over the last 5 years, Houses in Snowtown have seen a 186.73% increase in median value, while Units have seen a 30.48% increase. As at 31 May 2026:
- The median value for Houses in Snowtown is $393,110 while the median value for Units is $282,381.
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