OFF MARKET

3 Cessna Way
Cambridge TAS 7170

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4395m2
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Property Details for 3 Cessna Way, Cambridge

Building Type
Land
Land Size
4395m2
Local Government
Clarence
Lot/Plan
18/176911

Last Listing description (April 2023)

Knight Frank is delighted to offer to market a fantastic industrial investment at 3 Cessna Way, Cambridge.

The brand-new facility was recently completed and is constructed of metal decking across the warehouse and office components. The well-presented, modern fit out warehouse is situated on an impressive 4,395 sqm* of level land. The site is complimented by a high quality 1,156 sqm* warehouse, 200 sqm* of offices over two levels and includes board room reception and meeting facilities. Approximately 1,800 sqm* of concrete hardstand and 22 car parks boost the flexibility and future uses of the property. The premises is fully fenced with automatic gates and includes 3-phase power.

CAMSTEEL and roofing is a locally owned and operated steel and roofing supplier paying a net annual rent of $220,000 per annum* plus all statutory outgoings and building insurance, and have a 5-year lease until March 2028 with options. Significant depreciation benefits are associated with this asset with 36%* of year 1 rent potentially tax deductible.

For Sale by Expressions of Interest closing 20 April 2023 at 4:00pm AEST.

*Approximate

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Property History for 3 Cessna Way, Cambridge, TAS 7170

A timeline of how this property has performed in the market
Last Sold
$3,920,000
27 Apr 2023
  • 27 Apr 2023
    Sold for $3,920,000
  • 22 Mar 2023
    Listed for Sale For Sale by Expressions of Interest
  • 21 Aug 2020
    Sold for $490,000

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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 1,289 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 14 properties listed for sale, and 12 properties listed for rent in Cambridge on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Cambridge.

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