MOUNT GAMBIER,

For sale

$565,000 + SAV ($3,000 approx.)

Mid City Motel

The Mid City Motel is a well appointed 18 room motel located in the Limestone Coast region. Mount Gambier is strategically located midway between Melbourne and Adelaide on the Melbourne to Adelaide Coastal Touring Route. This provides the Mid City Motel with the opportunity to leverage marketing value from Victorian, South Australian and Tourism Australia’s promotion of the route, one of the nation’s most popular scenic routes which includes the iconic Great Ocean Road.

Mount Gambier is the second most populated city in South Australia with an estimated population of 28,600. It is 450 kilometres south-east of Adelaide and 17 kilometres from the Victorian border. Mount Gambier is a centre for forestry, agriculture and is a major transport and trucking hub.

At a glance:

- 18 spacious well appointed modern rooms

- 4 bedroom residence including lounge/dining area, kitchen and 3 ensuite bathrooms

- Separate front office

- Large shed

- Laundry with commercial washing machine and dryer. Linen is outsourced with only pillow cases, minor items and tea towels laundered in house.

- The motel is a member of Golden Chain

David Hutchinson 0414 440 953

TenantedNo

Property Info:

  • Property ID: 20675479
  • Property Type:

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R&H Suburb Profile: Mount Gambier

R&H Suburb Summary Houses
Number of sales 430
Average Price $262,244
Median Price $254,250
Median Rental Price $270 p.w.
Change in Rental Rate (5yr) 8 %
R&H Suburb Summary Units
Number of sales 47
Average Price $219,703
Median Price $191,000
Median Rental Price $210 p.w.
Change in Rental Rate (5yr) 17 %
Mount Gambier, SA - Median Trend