FOR SALE
Offers Above $425,000

29-31 King Street
Scottsdale TAS 7260

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 808m2
Land area: 971m2
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Iconic Scottsdale Building - A Rare Investment Opportunity

Located in the vibrant heart of Scottsdale, this substantial and historic building presents an exceptional opportunity for savvy investors. Originally built in 1924 to accommodate 600 patrons, this iconic structure is poised for its next chapter, offering endless possibilities for development, including retail, accommodation, storage, and more.
Prime Location: Situated on the main street along the Tamar Highway, this property benefits from high foot traffic and attracts tourists passing through town. The dual entry points provide easy access to both the office and former theatre spaces.
Sound Structure: The building is constructed from solid concrete, ensuring durability. It has been recently re-roofed, and the exterior received a fresh coat of paint approximately 15 years ago, maintaining its classic appeal.
Additional Income Potential: An office attached to the side of the main building, built in 2008, is in excellent condition and will welcome new tenants by mid-October, generating immediate rental income. The office has air conditioning, two wall-mounted heaters and kitchenette.
Upgraded Facilities:
New car park at the rear of the office;
New concrete pathway to the car park;
New boundary fences;
Development Opportunities: This property is a blank canvas ready for your vision. Potential uses (subject to approval from Dorset Council and Heritage Tasmania) include:
Recording studio and performing arts venue
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Property Details for 29-31 King St, Scottsdale

Building Type
Commercial
Floor Size
808m2
Land Size
971m2

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About Scottsdale 7260

The size of Scottsdale is approximately 50.1 square kilometres. It has 13 parks covering nearly 15% of total area. The population of Scottsdale in 2011 was 2,461 people. By 2016 the population was 2,392 showing a population decline of 2.8% in the area during that time. The predominant age group in Scottsdale is 60-69 years. Households in Scottsdale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Scottsdale work in a labourer occupation. In 2011, 71.6% of the homes in Scottsdale were owner-occupied compared with 69.1% in 2016.

Scottsdale has 1,331 properties. Over the last 5 years, Houses in Scottsdale have seen a 70.15% increase in median value, while Units have seen a 66.04% increase. As at 30 September 2024:

  • The median value for Houses in Scottsdale is $389,521 while the median value for Units is $338,232.
  • Houses have a median rent of $380 while Units have a median rent of $170.
There are currently 14 properties listed for sale, and 4 properties listed for rent in Scottsdale on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Scottsdale.

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Beck Routley
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Peter Lees Real Estate
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