OFF MARKET

10 Runway Place
Cambridge TAS 7170

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 5730m2
Land area: 10730m2
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Property Details for 10 Runway Pl, Cambridge

Building Type
Commercial
Year Built
2007
Floor Size
5730m2
Land Size
10730m2
Local Government
Clarence
Lot/Plan
11/147492

Last Listing description (March 2021)

Knight Frank has the exclusive opportunity to offer for sale the Juicy Isle building at 10 Runway Place, Cambridge as a tenanted investment.

The property is offered as one parcel by Expressions of Interest.

10 Runway Place is a modern built industrial complex comprising approximately 4,850sqm of expansive warehouse currently utilised as a production facility for high quality beverages, complemented by approximately 880sqm of offices and amenities, with extensive hardstand over a 1.07ha (approx.) site.

Juicy Isle, a privately owned beverage production and distribution company, has occupied the site since 2007 and has an 8 year lease from 1 July 2017, and has formally taken an option up of a further 5 years, giving a lease expiry in 2030. There are two further 5-year options.

Cambridge has experienced significant development in recent years and looks set to continue as Hobart and its northern suburbs transition through urban sprawl into higher density residential. Its proximity to the Tasman Highway and Hobart International Airport allow varied transport options and the mix of Light industrial and Commercial zonings are popular with businesses looking to relocate to newer premises.

Property History for 10 Runway Pl, Cambridge, TAS 7170

A timeline of how this property has performed in the market
Last Sold
$9,500,000
23 Mar 2021
  • 23 Mar 2021
    Sold for $9,500,000
  • 27 Jan 2021
    Listed for Sale For sale by Expressions of Interest
  • 08 Jul 2015
    Sold for $6,500,000
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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.

Suburb Insights for Cambridge 7170

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.