SOLD
Sold on 20 May 2024 for $700,000

8 Linear Court
Derwent Park TAS 7009

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 495m2
Land area: 757m2
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Property Details for 8 Linear Ct, Derwent Park

Building Type
Commercial
Year Built
2009
Floor Size
495m2
Land Size
757m2
Local Government
Glenorchy
Lot/Plan
5/154193

Last Listing description (November 2023)

Knight Frank is pleased to offer for lease this modern warehouse and office, situated in the tightly held industrial area of Derwent Park.

8 Linear Court is accessed off Sunderland Street, within Tasmania's leading industrial precinct and one of its fastest growth corridors.

The property consists of approximately 231sqm of good quality open plan office, boardroom, partitioned office, meeting room and amenities. The warehouse/workshop component is approximately 264sqm, with a total site area of 757sqm.

The property is currently occupied and becomes vacant in December 2023.

Concrete tilt slab construction, high access automatic roller door access, minimum 6 metre internal clearance and five on site parking spaces. Enquire with the undersigned agents for more details.

Property History for 8 Linear Ct, Derwent Park, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$700,000
20 May 2024
Listed for Rent
$90k/w
07 Sep 2023
  • 20 May 2024
    Sold for $700,000
  • 07 Sep 2023
    Listed for Rent - Price not available
  • 22 Jul 2021
    Sold for $1,400,000
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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.

Suburb Insights for Derwent Park 7009

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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.