OFF MARKET

55 Sandown Road
Norwood TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120000m2
Land area: 74302m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 55 Sandown Rd, Norwood

Building Type
Commercial
Floor Size
120000m2
Land Size
74302m2
Local Government
Launceston
Lot/Plan
1/178643

Last Listing description (August 2020)

Shepherd & Heap is pleased to present to the market for LEASE a rare and exciting opportunity in the hospitality industry, the ex Stones Throw cafe located in the popular Old Mac's Farm and RV Park precinct. The site offers some 300 sq metres of fitted restaurant space complete with a bar and function area all substantially equipped and operationally functional.

Key features include:

- 300 sq metre approx* restaurant ready for occupancy
- air conditioned, light and open with panoramic views
- al fresco dining or separate function area
- full commercial kitchen with cool room,fridges, compliant grease
arrestor and new vinyl flooring
- bar and coffee service area
- 'on premises' liquor licence & 'off premises' licence
(Tas. stock)
- customer car park for 45 plus vehicles
- additional cool room/processing/storage areas to lease (optional)
- potential to specialise and cater for weddings, mini conferences,
functions and RV park clientele next door
- option to incorporate Old Mac's farm animal, lake and fitness
attractions with the lease

A new long term lease is offered providing a unique walk-in, jump start opportunity for a new operator.

Contact Ian Singline for further details.

Property History for 55 Sandown Rd, Norwood, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$47,000
25 Jul 2018
Listed for Rent
$1.06k/w
06 Aug 2020
  • 02 Jul 2020
    Listed for Rent - Price not available
  • 25 Jul 2018
    Sold for $47,000
  • 13 Mar 2013
    Listed for Sale OFFERS AROUND $200,000

Commute Calculator

About Norwood 7250

The size of Norwood is approximately 3.7 square kilometres. It has 10 parks covering nearly 6% of total area. The population of Norwood in 2011 was 3,794 people. By 2016 the population was 3,757 showing a population decline of 1.0% in the area during that time. The predominant age group in Norwood is 60-69 years. Households in Norwood are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 78.5% of the homes in Norwood were owner-occupied compared with 77.2% in 2016.

Norwood has 1,632 properties. Over the last 5 years, Houses in Norwood have seen a 62.06% increase in median value, while Units have seen a 62.23% increase. As at 31 October 2024:

  • The median value for Houses in Norwood is $631,769 while the median value for Units is $416,985.
  • Houses have a median rent of $520 while Units have a median rent of $410.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Norwood on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Norwood.

Suburb Insights for Norwood 7250

Market Insights
Norwood Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Norwood Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.