OFF MARKET

13A Lampton Avenue
Derwent Park TAS 7009

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1534m2
Land area: 2368m2
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Property Details for 13a Lampton Ave, Derwent Park

Building Type
Commercial
Year Built
2000
Floor Size
1534m2
Land Size
2368m2
Local Government
Glenorchy
Lot/Plan
2/130896

Last Listing description (May 2021)

Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
Guaranteed rental growth with annual fixed 3% rent increases.
Land Size: 2,368sqm* and building area of 1,534sqm*.

Coventry Group Ltd (ASX: CYG), a market leading hardware, industrial supply and fluid hydraulics business with a market cap of $117.46 million**.
FY21 Sales up 18.2%.
Net lease, tenant responsible for council rates, land tax and landlord insurances according to the lease.
Located in the leading industrial precinct of Hobart's northern suburbs with Bunnings, Coates Hire, United Tools, Total Tools, Searoad Logistics, ABS and Isuzu trucks all located within 500 metres.
Mornington: Located within the City of Glenorchy with a population of 71,558 within a 6km radius.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $180,862* pa + GST.

To be sold by Investment Portfolio Auction:
10:30am AEDT
Wednesday 12 May 2021
Southbank, Crown Casino, Melbourne

2 other Nubco- Coventry Group Ltd freehold investments also available.
Contact sales team for more details.

**Coventry Group Ltd
***Commsec State of the state report
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

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Property History for 13a Lampton Ave, Derwent Park, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$3,740,000
12 May 2021
  • 12 May 2021
    Sold for $3,740,000
  • 14 Apr 2021
    Listed for Sale Price on Request
  • 26 Apr 2002
    Sold for $901,000
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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.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Derwent park on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Derwent park.

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