FOR SALE
Offers Over $1.2m

1689 Channel Highway
Margate TAS 7054

Bedrooms: 3
Bathrooms: 1
Car spaces: 5
Floor area: 127m2
Land area: 3428m2
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HIDDEN OPPORTUNITY - 3428 sqm (approx)

This unique site has the ideal orientation to the north, with a gently sloping fall to a bank that overlooks the perfect pastoral scene of grazing cattle and seemingly endless pasture land. This is a little piece of magic in the heart of Margate.
The two titles (1534 + 1895 sqm ) are zoned Local Business which opens up a myriad of opportunities to develop anything from a boutique winery/brewery, caf?, restaurant, market garden or develop for multi residential use (all STCA - Kingborough Council).
The 3-bedroom brick veneer light-filled home is accessed down a long driveway giving you privacy and is well removed from the passing traffic. Large open plan kitchen/dining with a separate living area is ideal for a family plus a convenient 2-way bathroom. There is a separate garage, double carport, former farming structure, fenced paddock and apple trees on the surrounding land. This would make an ideal rental property giving you some income whilst you work on fulfilling your dream.
Great position for signage to attract passing traffic travelling down the Channel and close proximity to schools, local shops and walking tracks. This property is a must see.
Zoned: Local Business
** We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property Details for 1689 Channel Hwy, Margate

1689 Channel Hwy, Margate is a 3 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 3428m2 and floor size of 127m2. The place is currently for sale with ELDERS REAL ESTATE SOUTHERN TASMANIA.

Building Type
House
Floor Size
127m2
Land Size
3428m2

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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 1,805 properties. Over the last 5 years, Houses in Margate have seen a 43.18% increase in median value, while Units have seen a 43.01% increase. As at 31 October 2024:

  • The median value for Houses in Margate is $796,004 while the median value for Units is $533,425.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 16 properties listed for sale, and 1 property listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Margate.

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Wendy Wade
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ELDERS REAL ESTATE SOUTHERN TASMANIA
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