10 Sunmont StreetDerwent Park TAS 7009
Property Details for 10 Sunmont St, Derwent Park
Last Listing description (November 2022)
Knight Frank is delighted to offer for sale this trophy industrial investment, leased to ASX Listed TasFoods Ltd on a new 7 year term with 2 x 5 year options.
This well located industrial cool store, warehouse, and office facility with future development potential^ presents well and comprises a building area of 392 sqm*, and an impressive waterfront land area of 4,318 sqm*.
The property is being sold with a 7-year leaseback with a net rent of $90,000 plus GST and the Tenant responsible for all outgoings and day to day repairs and maintenance, making this a fantastic option for the passive investor.
With the amount of underutilised land there is potential for development or expansion at lease end^, capitalising on the demand for industrial buildings in the Derwent Park area
Property History for 10 Sunmont St, Derwent Park, TAS 7009
- 17 Nov 2022Sold for $1,820,000
- 12 Oct 2022Listed for Sale For Sale by Expressions of Interest
- 13 May 2019Sold for $1,612,500
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About Derwent Park 7009
The size of Derwent Park is approximately 1.7 square kilometres. It has 3 parks covering nearly 5.4% of total area. The population of Derwent Park in 2011 was 619 people. By 2016 the population was 644 showing a population growth of 4.0% in the area during that time. The predominant age group in Derwent Park is 30-39 years. Households in Derwent Park are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Derwent Park work in a community and personal service occupation. In 2011, 54.6% of the homes in Derwent Park were owner-occupied compared with 60.1% in 2016.
Derwent Park has 629 properties. Over the last 5 years, Houses in Derwent Park have seen a 38.26% increase in median value, while Units have seen a 49.48% increase. As at 31 October 2024:
- The median value for Houses in Derwent Park is $530,691 while the median value for Units is $491,659.
- Houses have a median rent of $500.
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