OFF MARKET

8C Lampton Avenue
Derwent Park TAS 7009

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 11900m2
Land area: 31156m2
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Property Details for 8c Lampton Ave, Derwent Park

Building Type
Commercial
Year Built
1990
Floor Size
11900m2
Land Size
31156m2
Local Government
Glenorchy
Lot/Plan
1/119016

Last Listing description (April 2019)

Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne
Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited

ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures
Major industrial land holding, almost impossible to replicate in Derwent Park and surrounds
Excellent logistics position close to main arterial roads, 15kms from Brighton transport hub and 7kms from Hobart CBD
Versatile buildings including high clearance warehousing, retail showrooms, offices, workshops, wash bays and parking
One of the largest truck servicing centres in the Southern Hemisphere
Full scale operation including servicing, fabrication and retail sales of trucks and parts
Net income $671,801 pa + GST

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Property History for 8c Lampton Ave, Derwent Park, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$9,300,000
03 Apr 2019
  • 03 Apr 2019
    Sold for $9,300,000
  • 08 Mar 2019
    Listed for Sale Not Disclosed
  • 24 Mar 2003
    Sold for $200,000
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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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