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1680-1708 Channel Highway
Margate TAS 7054

Bedrooms: -
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Floor area: 570m2
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Margate Shopping Complex – Medical & Office Opportunities

Construction has commenced on Margate’s new shopping complex, which provides a mixture of retail and commercial leasing opportunities, expected to be completed in Q3/Q4 of 2023.
The complex will have an anchor supermarket tenant (completion expected mid 2024) that will sit behind two newly constructed retail and office buildings that capture prime roadside frontage along Channel Highway.
Bringing local business and customers together, this key development will be regionally transformative.
We wish to highlight an outstanding lease opportunity for medical, allied health practitioners, low impact fitness or those seeking office space.
First floor accommodation over two tenancies of 570m² each are on offer and features include:
• Lift serviced, stretcher compliant
• Air-conditioned
• Warm shell at handover
• First floor toilet & kitchen amenities
• Available as a full floor or part floor, by negotiation
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Property Details for 1680-1708 Channel Hwy, Margate

Building Type
Commercial
Floor Size
570m2

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About Margate 7054

The size of Margate is approximately 41.9 square kilometres. It has 9 parks covering nearly 5.7% of total area. The population of Margate in 2011 was 3,624 people. By 2016 the population was 3,945 showing a population growth of 8.9% in the area during that time. The predominant age group in Margate is 0-9 years. Households in Margate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation. In 2011, 83.3% of the homes in Margate were owner-occupied compared with 81.6% in 2016.

Margate has 1,815 properties. Over the last 5 years, Houses in Margate have seen a 44.02% increase in median value, while Units have seen a 50.72% increase. As at 31 August 2024:

  • The median value for Houses in Margate is $794,525 while the median value for Units is $553,575.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 15 properties listed for sale, and 2 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Margate.

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Heather Mason
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MIX Property Group
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