OFF MARKET

5 Garnet Avenue
Coles Bay TAS 7215

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 250m2
Land area: 584m2
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Property Details for 5 Garnet Ave, Coles Bay

Building Type
Commercial
Year Built
1964
Floor Size
250m2
Land Size
584m2
Local Government
Glamorgan-Spring Bay
Lot/Plan
8/55545

Last Listing description (July 2012)

Freycinet Rentals
Offered for sale are the management rights on 24 units in Tasmania's premier resort area.
This well established business includes a leased reception/booking office and residence at 5 Garnet Avenue.

There are currently 24 units in the rental pool. The owners provide a full service of bookings, laundry, cleaning, maintenance and distribution of monthly rental statements.
Around 40% of bookings are off road-the remainder are repeats, referrals or from various website connections.
Their own website is www.freycinetrentals.com.
Income and rental properties continue to grow every year. Annual income is now $215,662 with a business net profit for a working couple of around $97,000.
This is a fantastic opportunity to run a proven business and enjoy a great lifestyle at the same time.

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Property History for 5 Garnet Ave, Coles Bay, TAS 7215

A timeline of how this property has performed in the market
Last Sold
$123,000
14 Nov 1994
  • 13 Oct 2011
    Listed for Sale Not Disclosed
  • 21 Nov 2008
    Listed for Sale Not Disclosed
  • 14 Nov 1994
    Sold for $123,000
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About Coles Bay 7215

The size of Coles Bay is approximately 106.9 square kilometres. It has 3 parks covering nearly 47.6% of total area. The population of Coles Bay in 2011 was 307 people. By 2016 the population was 365 showing a population growth of 18.9% in the area during that time. The predominant age group in Coles Bay is 60-69 years. Households in Coles Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Coles Bay work in a managers occupation. In 2011, 64.1% of the homes in Coles Bay were owner-occupied compared with 71.7% in 2016.

Coles Bay has 901 properties. Over the last 5 years, Houses in Coles Bay have seen a 116.39% increase in median value, while Units have seen a 151.43% increase. As at 31 August 2024:

  • The median value for Houses in Coles Bay is $807,572 while the median value for Units is $526,360.
There are currently 18 properties listed for sale, and 1 property listed for rent in Coles bay on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Coles bay.

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