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Sold on 09 Oct 2024 - Price Unavailable

115 Kennedy Drive
Cambridge TAS 7170

Bedrooms: -
Bathrooms: -
Car spaces: 70
Floor area: 2854m2
Land area: 45.04ha
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Property Details for 115 Kennedy Dr, Cambridge

Building Type
Commercial
Floor Size
2854m2
Land Size
45.04ha

Last Listing description (October 2024)

Raine & Horne Commercial Hobart is privileged to offer for sale the freehold land comprising Cambridge Aerodrome in Southern Tasmania.

Comprising over 45 hectares with approximately 196 metres frontage to Kennedy Drive, the site represents an important infrastructure facility whilst offering massive potential for industrial subdivision (STCA), further aviation development, or a combination of both.

Key features include;

• Within arguably Tasmania's highest growth industrial-commercial precinct featuring frontage to Kennedy Drive, the main thoroughfare through this booming sector

• 15 minutes approx. to Hobart CBD and 5 minutes approx. to Hobart International Airport

• Tasmania's busiest airport by air traffic movements as at June 2023 supporting emergency services, tourism/wilderness flights and pilot training

• Improvements include four hangars, supplementary offices, two runways, taxi-ways, aircraft parking areas, above-ground aviation fuel stations, extensive vehicle parking,
and an old Aero Club building

• Incorporates various zonings including Light Industrial, Utilities, and Open Space with potential to re-zone subject to relevant approvals

• Offered subject to a short term lease-back providing holding income

• Additional adjoining land currently available for separate purchase providing opportunities to re-locate or increase aviation infrastructure

• Huge aviation and/or development options to value-add

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Property History for 115 Kennedy Dr, Cambridge, TAS 7170

A timeline of how this property has performed in the market
Last Sold
09 Oct 2024
  • 09 Oct 2024
    Listed for Sale EOI Closing Tues 9th July 2024 at 2pm
  • 09 Oct 2024
    Sold
  • 31 May 2024
    Listed for Sale EOI Closing Tues 9th July 2024 at 2pm
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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 1,287 properties. Over the last 5 years, Houses in Cambridge have seen a 45.31% increase in median value, while Units have seen a 31.95% increase. As at 30 November 2024:

  • The median value for Houses in Cambridge is $889,093 while the median value for Units is $531,571.
  • Houses have a median rent of $498.
There are currently 14 properties listed for sale, and 5 properties listed for rent in Cambridge on OnTheHouse. According to CoreLogic's data, 43 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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