70/72 Sandy Bay RoadBattery Point TAS 7004
Property Details for 70/72 Sandy Bay Rd, Battery Point
70/72 Sandy Bay Rd, Battery Point is a 4 bedroom, 1 bathroom House. The property has a land size of 368m2.
Last Listing description (February 2024)
** #70 is now under offer**
A unique opportunity exists to secure either one or both at no.70 + 72 Sandy Bay Road, a pair of architecturally alluring properties that hold immense potential for those seeking a unique real estate investment.
With an advantageous inner residential zoning, these two character-filled properties present a truly remarkable prospect. Whether you envision transforming them into elegant, city homes or continuing their journey as highly sought-after commercial premises, the choice is yours to make.
Currently, 72 Sandy Bay Road holds a commercial lease with Sandy Bay Massage, with the current term set to renew in December 2023 (including the option of two three-year extensions).
Furthermore, the properties offer the convenience of ample off-street parking, accessed via a shared driveway at the rear.
Indulge in the convenience of immediate access to Salamanca, distinguished by its thriving cityscape and renowned local culinary delights. Leisurely strolls through heritage parks and cherished proximity to quality restaurants and cafes further enhance the exceptional lifestyle that awaits within this unparalleled blue-chip locale.
This remarkable opportunity is certain to appeal to discerning individuals seeking a property with the potential to explore a variety of uses.
#72 is currently leased at $55,912.56 + GST pa. CPI increase due in December 2023
Council Rates: $7,496.49 pa (approx.) each
Water Rates: $1,096 pa (approx.) each
Property History for 70/72 Sandy Bay Rd, Battery Point, TAS 7004
- 31 Jul 2023Listed for Sale Offers Over $1,150,000 (Each)
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About Battery Point 7004
The size of Battery Point is approximately 0.7 square kilometres. It has 6 parks covering nearly 5.5% of total area. The population of Battery Point in 2011 was 2,096 people. By 2016 the population was 1,995 showing a population decline of 4.8% in the area during that time. The predominant age group in Battery Point is 20-29 years. Households in Battery Point are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Battery Point work in a professional occupation. In 2011, 49% of the homes in Battery Point were owner-occupied compared with 51.2% in 2016.
Battery Point has 1,750 properties. Over the last 5 years, Houses in Battery Point have seen a 20.02% increase in median value, while Units have seen a 28.79% increase. As at 31 October 2024:
- The median value for Houses in Battery Point is $1,289,607 while the median value for Units is $852,571.
- Houses have a median rent of $550 while Units have a median rent of $535.
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