OFF MARKET

80 Sunderland Street
Derwent Park TAS 7009

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 757m2
Land area: 905m2
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Property Details for 80 Sunderland St, Derwent Park

Building Type
Commercial
Year Built
1991
Floor Size
757m2
Land Size
905m2
Local Government
Glenorchy
Lot/Plan
1/59795

Last Listing description (March 2022)

Although rarely offered in this market, this desirable, highly sought after asset is located within the popular and tightly held commercial precinct of Derwent Park. Well exposed and well appointed showroom/warehouse boasting a long term lease to one of Tasmania's leading engineering product suppliers Tas Bearing and Chain, featuring an impressive site area of 905m2 with a gross lettable area of 646m2. Tas Bearing and Chain have occupied this site since 2008 boasting continued growth whilst benefitting from a premier location.

- New 5 year lease to June 2026 plus options to 2041
- Net lease with tenant paying 100% of statutory outgoings

- Net income: $108,000pa + GST
- Compounding annual CPI increases
- Long standing high calibre tenant with branches statewide
- 'Light Industrial' zoning overlay

With Tasmania experiencing unprecedented growth within the building industry, buyers should purchase with confidence knowing Tas Bearing and Chain operate within a strong growth sector, an ideal secure investment.

Contact Marcus Douglas for further details.

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Property History for 80 Sunderland St, Derwent Park, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$670,000
02 May 2016
Listed for Rent
$1.24k/w
03 Dec 2008
  • 21 Jan 2022
    Listed for Sale Offers Over $2,100,000
  • 02 May 2016
    Sold for $670,000
  • 03 Dec 2008
    Listed for Rent - Price not available
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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, 14 properties were sold in the past 12 months in Derwent park.

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