SOLD
Sold on 17 Apr 2024 for $1,250,000

6/1 Corvalis Lane
Cambridge TAS 7170

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 371m2
Land area: 378m2
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Property Details for 6/1 Corvalis Lane, Cambridge

Building Type
Commercial
Year Built
2024
Floor Size
371m2
Land Size
378m2
Local Government
Clarence

Last Listing description (November 2023)

Knight Frank is pleased to offer to market Unit 6, 1 Corvalis Lane Cambridge.

The unit development has been designed and built by Direen Homes, who are responsible for 50+ previous industrial units within the Cambridge precinct.

Unit 6 fronts Corvalis Lane providing great access plus exposure, and comprises a GLA of 371 sqm* over two levels. Warehousing is approximately 270 sqm* with offices and amenity consuming the balance floor area.

Practical completion is planned for late November with titles being issued before the end of 2023. Take advantage of the valuable depreciation benefits associated with a new build and occupy your own asset today.

The property is for sale via expression of interest closing Thursday 7 December 2023 at 4pm (AEDT).

Property History for 6/1 Corvalis Lane, Cambridge, TAS 7170

A timeline of how this property has performed in the market
Last Sold
$1,250,000
17 Apr 2024
  • 17 Apr 2024
    Sold for $1,250,000
  • 15 Nov 2023
    Listed for Sale Contact Agents

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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.

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.