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8-10 Railway Court & 55 Kennedy Drive
Cambridge TAS 7170

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3454m2
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LAST REMAINING LOT (3,454m2) - SENSATIONAL HIGH EXPOSURE POSITION

With two adjoining lots just sold, 55 Kennedy Drive represents one of the very last remaining undeveloped industrial sites in Cambridge with exposure to Kennedy Drive.
Features include;
• An expansive frontage (nearly 43 metres approx.) providing exceptional exposure to Kennedy Drive, the main thoroughfare through the thriving Cambridge industrial-commercial precinct, one of greater Hobart's strongest growth areas.
• Easy access to the Tasman Highway, Kennedy Drive, and Richmond Link Road, all major transport routes in the area. Approximately 15 minutes drive from Hobart CBD and 5 minutes to Hobart International Airport.
• Comprises 3,454m2 of relatively flat vacant land zoned "Light Industrial". Features rear access from Railway Court providing additional flexibility for development, plus corner frontage to Backhouse Lane.
• Adjacent to the "Cambridge Trades Centre" incorporating new tenancies to Rexel, Haymes Paint and Opposite Lock. Other nearby businesses include Coates Hire, Royal Wolf, Wyllie Tiles, Reece Civil, Bidfood, TasNetworks and "The Cambridge Centre" incorporating Harvey Norman and other leading national retailers.
• Perfect site for high value trade supplies businesses and sales and hire occupiers (STCA).
• In short, this parcel of land is a rare opportunity in a thriving precinct of diminishing high profile options. Featuring front and rear access with huge exposure, the site provides many development alternatives for single or multiple occupiers in an area where demand continues to surge.

Property Details for 8-10 Railway Court & 55 Kennedy Drive, Cambridge

Building Type
Commercial
Land Size
3454m2

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About Cambridge 7170

The size of Cambridge is approximately 50.1 square kilometres. It has 9 parks covering nearly 15.9% of total area. The population of Cambridge in 2011 was 747 people. By 2016 the population was 1,124 showing a population growth of 50.5% in the area during that time. The predominant age group in Cambridge is 50-59 years. Households in Cambridge are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cambridge work in a professional occupation. In 2011, 84.1% of the homes in Cambridge were owner-occupied compared with 85.5% in 2016.

Cambridge has 1,285 properties. Over the last 5 years, Houses in Cambridge have seen a 44.24% increase in median value, while Units have seen a 31.24% increase. As at 31 August 2024:

  • The median value for Houses in Cambridge is $853,748 while the median value for Units is $546,488.
  • Houses have a median rent of $498.
There are currently 16 properties listed for sale, and 10 properties listed for rent in Cambridge on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Cambridge.

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Leslie Simpson
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Raine & Horne Commercial Hobart
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