OFF MARKET

1 Longreach Avenue
Dowsing Point TAS 7010

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11013m2
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Property Details for 1 Longreach Ave, Dowsing Point

Building Type
Commercial
Land Size
11013m2
Local Government
Glenorchy
Lot/Plan
2/133696

Last Listing description (September 2021)

Renewed lease plus option to 2027 to the Commonwealth of Australia.
Tasmanian Smart Centre and Australian Passport Information Centre (Call Centres).
Rare fixed 3.5% annual rent increases assuring growth.

Ultra-modern 2,506sqm freehold building designed by Woods Bagot and developed by Harmony in 2008.
Significant taxation saving depreciation.
Energy efficient building with 5-star NABERS rating.
Highly sought after 'essential service' investment.
Magnificent 16,989sqm foreshore site with uninterrupted views of the River Derwent and metro Hobart.
Important 185 car spaces on-title.
Exceptional long-term development potential (STCA).
Current low 5.1% office vacancy rates in Hobart under half the national vacancy rate of 11.7%.
Strategic position within the Tasmanian Government owned Techno Park, adjoining Qantas call centre.
Hobart: 16.5% median house price growth, 5.9% above national average.
Net Income: $1,067,288 pa + GST

For Sale by Expressions of Interest
Closing 4pm (AEST), Thursday 26 August 2021

Burgess Rawson
Raoul Holderhead: 0413 860 304
Beau Coulter: 0413 839 898
Matthew Wright: 0458 290 588

Knight Frank
Richard Steedman: 0408 559 046
Scott Newton: 0409 186 261

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Property History for 1 Longreach Ave, Dowsing Point, TAS 7010

A timeline of how this property has performed in the market
  • 19 Jul 2021
    Listed for Sale Price on Request

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About Dowsing Point 7010

The size of Dowsing Point is approximately 0.6 square kilometres. It has 2 parks covering nearly 4.7% of total area. The population of Dowsing Point in 2011 was 1,132 people. By 2016 the population was 67 showing a population decline of 94.1% in the area during that time. The predominant age group in Dowsing Point is 30-39 years. Households in Dowsing Point are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dowsing Point work in a clerical occupation. In 2011, 49.8% of the homes in Dowsing Point were owner-occupied compared with 60% in 2016.

Dowsing Point has 52 properties. Over the last 5 years, Houses in Dowsing Point have seen a 43.08% increase in median value. As at 31 August 2024:

  • The median value for Houses in Dowsing Point is $541,835.
There are currently 1 property listed for sale, and no properties listed for rent in Dowsing point on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Dowsing point.

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