29 Main StreetDerby TAS 7264
Property Details for 29 Main St, Derby
Last Listing description (March 2022)
Derby has always been important to north east Tasmania, and the Dorset Hotel has always been important to Derby. This landmark building, integral to the town's history since its construction in 1911, now offers the opportunity for new owners to play a huge role in Derby's booming present and its brilliant future.
Extensively updated and improved over the last four years, The Dorset's new roof and fresh paint reflect a positive external energy that's equally apparent throughout great spaces including two downstairs dining rooms, a central pool room/games area and a friendly front bar of exceptional character.
Cool rooms and generous storage accompany the downstairs dimensions, served by a well equipped commercial kitchen while a beer garden that accommodates 50 patrons has the banks of the beautiful Ringarooma River as its backdrop. Upstairs, a total of 10 recently refurbished rooms deliver instantly inviting accommodation accompanied by freshly finished bathroom facilities comprising 3 showers and 3 toilets.
A manager's apartment with its own ensuite bathroom and a separate modern kitchenette complete the upstairs proportions of the Dorset, where Verandahs on each level offer ideal outdoor retreats. Off street parking, a laundromat, bike racks, bike wash and secure bike storage add to the attraction of the hotel, a magnet for Derby's mountain biking market, as well as local residents and tourists drawn to Derby and the north east more widely.
Effectively free from competition, poised to continue earning great income while also delivering capital growth, the Dorset's upward trajectory is driven in part by the global appeal of Derby's downward trails! It's time to take that ride!
Property History for 29 Main St, Derby, TAS 7264
- 18 Jan 2022Sold for $1,300,000
- 26 Nov 2021Listed for Sale For Sale by Offer
- 18 Aug 2017Sold for $370,000
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About Derby 7264
The size of Derby is approximately 78.2 square kilometres. It has 5 parks covering nearly 101.6% of total area. The population of Derby in 2011 was 207 people. By 2016 the population was 169 showing a population decline of 18.4% in the area during that time. The predominant age group in Derby is 60-69 years. Households in Derby are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Derby work in a managers occupation. In 2011, 80.7% of the homes in Derby were owner-occupied compared with 74.7% in 2016.
Derby has 255 properties. Over the last 5 years, Houses in Derby have seen a 64.61% increase in median value. As at 31 October 2024:
- The median value for Houses in Derby is $358,662 while the median value for Units is $285,778.
- Houses have a median rent of $163.
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