OFF MARKET

3/5 Runway Place
Cambridge TAS 7170

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 355m2
Land area: 310m2
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Property Details for 3/5 Runway Pl, Cambridge

Building Type
Commercial
Year Built
2011
Floor Size
355m2
Land Size
310m2
Local Government
Clarence
Lot/Plan
3/160863

Last Listing description (March 2021)

Versatile strata title warehouse & office unit (C2011) centrally positioned within the thriving Cambridge industrial-commercial precinct. Forming one of a four unit complex, the property is offered for sale with vacant possession or for lease. Features include:

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


Immediate neighbours include Sackett Services (adjoining), Bidfood, Reece Civil, and Juicy Isle with the Cambridge Homemaker Centre nearby.

Comprises a strata title warehouse-office unit providing approx. 295m gross building/strata area at ground level plus approx. 43m of mezzanine.

Concrete panel construction with concrete floor and roof decking with skylights.

Accommodation comprises a ground floor warehouse featuring a large motorized roller door (approx. 5.4m wide x 4.2m high) and 3 phase power, with separate front office-showroom, tea making area and amenities. The mezzanine section provides further office and storage areas.

One car park is incorporated on the property title together with shared use of extensive common area parking.

Great opportunity in a tightly held location, with features suited to a range of occupiers.

Property History for 3/5 Runway Pl, Cambridge, TAS 7170

A timeline of how this property has performed in the market
Last Sold
$595,000
04 Mar 2021
Listed for Rent
$862/w
10 Mar 2021
  • 04 Mar 2021
    Sold for $595,000
  • 21 Dec 2020
    Listed for Sale $615,000 plus GST or $45,000 pa + outgoings & GST
  • 21 Dec 2020
    Listed for Rent $45,000 / year
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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 1,289 properties. Over the last 5 years, Houses in Cambridge have seen a 45.46% increase in median value, while Units have seen a 72.30% increase. As at 31 October 2024:

  • The median value for Houses in Cambridge is $861,361 while the median value for Units is $523,702.
  • Houses have a median rent of $498.
There are currently 16 properties listed for sale, and 9 properties listed for rent in Cambridge on OnTheHouse. According to CoreLogic's data, 37 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.