OFF MARKET

50 Arve Road
Geeveston TAS 7116

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 144m2
Land area: 866m2
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Property Details for 50 Arve Rd, Geeveston

Building Type
Commercial
Year Built
1980
Floor Size
144m2
Land Size
866m2
Local Government
Huon Valley
Lot/Plan
2/147837

Last Listing description (June 2023)

Burgess Rawson is pleased to offer to the market, 50 Arve Road, Geeveston TAS for sale via our Investment Portfolio Auction 161.

This opportunity has the following key investment highlights:

+Brand new and secure 10-year lease to proven roadhouse operator from 2023 through to 2033 plus options to 2043.

+ Separate lease to Bennetts Petroleum to 2024 plus options through to 2030 with all fuel infrastructure above ground.
+Bennetts Petroleum: Tasmania's largest Ampol distributor and multi site operator with 16+ sites in operation.
+Favourable rental reviews: annual CPI reviews and fixed 3% increases.
+Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates and single holding Land Tax.
+Strategic 866 sqm* site with 30 metres* of frontage to Arve Road which connects to the Huon Highway the major highway link between Hobart and the Huon Valley.
+High Yielding, superb entry level asset, minimal management commercial investment.
+Geeveston: One of the worlds most important apple and fruit growing regions and on the route to one of Southern Tasmania's most popular tourist attractions, the Tahune Airwalk.
+Tasmania: Leading the nation , ranked #1 in key economic indicators in CommSecs's latest State of the States report***
+Net Income: $43,930 pa + GST (Nov 2023)

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 21 June 2023
Crown Casino, Melbourne

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Property History for 50 Arve Rd, Geeveston, TAS 7116

A timeline of how this property has performed in the market
Last Sold
$495,000
21 Jun 2023
Listed for Rent
$383/w
20 Feb 2022
  • 21 Jun 2023
    Sold for $495,000
  • 08 Jun 2023
    Listed for Sale Price on Request
  • 07 Oct 2021
    Listed for Rent - Price not available
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About Geeveston 7116

The size of Geeveston is approximately 232.4 square kilometres. It has 9 parks covering nearly 82.6% of total area. The population of Geeveston in 2011 was 1,430 people. By 2016 the population was 1,302 showing a population decline of 9.0% in the area during that time. The predominant age group in Geeveston is 60-69 years. Households in Geeveston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Geeveston work in a labourer occupation. In 2011, 81.5% of the homes in Geeveston were owner-occupied compared with 78% in 2016.

Geeveston has 811 properties. Over the last 5 years, Houses in Geeveston have seen a 68.27% increase in median value, while Units have seen a 169.70% increase. As at 31 August 2024:

  • The median value for Houses in Geeveston is $540,748 while the median value for Units is $623,345.
  • Houses have a median rent of $433.
There are currently 10 properties listed for sale, and 2 properties listed for rent in Geeveston on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Geeveston.

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