OFF MARKET

1 Charles Street
Orford TAS 7190

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 388m2
Land area: 546m2
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Property Details for 1 Charles St, Orford

1 Charles St, Orford is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 2007. The property has a land size of 546m2 and floor size of 388m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
House
Year Built
2007
Floor Size
388m2
Land Size
546m2
Local Government
Glamorgan-Spring Bay
Lot/Plan
4/79751

Last Listing description (April 2021)

One Charles Street is a premier property and dominant feature in the locality and presents an exceptional investment opportunity with two uses available on the one title. The prime positioning of the building being adjacent to the Prosser River and Bridge offers exceptional views and a great location to attract clientele and live.

On the main level, there is a large cafe restaurant available which was in operation for 10 years before closure due to personal circumstances. The cafe is highly featured and fully equipped ready for the next owner to take charge and begin a new chapter for the building.


The large floor plan offers exceptional space for take away service, seating capacity and/or showroom retail space. The rear work area is complete with a large commercial kitchen and prep area, store room, cool room and freezer room. The customer serving area offers multiple food display bays, multiple fridges, two payment stations, coffee collection area, gift area, prep benches, display shelving and storage. There are two-bathroom facilities for patrons with one catering for wheelchairs and families. The deck area is equipped with multiple bench tables while the rear fenced area has a garden shed, BBQ and storage with the possibility for one vehicle plus an external car space. The caf restaurant includes all plant & equipment ready to restock and start trading once more when able or to change into something new.

On the upper level is a premium two-bedroom apartment, fully furnished and well featured, with generous room sizes throughout including an outdoor entertaining area which is the full length of the building. The generous bathroom is complete with a double shower and spa bath while the main living area with fully equipped kitchen and deck soak up the surrounding water views. The residence is utilised as the owners quarters however is council approved for visitor's accommodation, providing an opportunity to attract holiday letting income once available. The external area is fenced and includes the water tanks and gas bottles for the building and could cater for one vehicle plus there is an external car space. The flat is fully furnished ready to move in or let.

This freehold property is not only a highly valued asset with multiple uses, it comes complete with all business and apartment chattels for a WIWO purchase so it presents an excellent opportunity.

*Full financials which show seven figure trading for the cafe business operations are available once a Confidentiality Agreement has been signed.

Property History for 1 Charles St, Orford, TAS 7190

A timeline of how this property has performed in the market
Last Sold
$980,000
13 Aug 2020
Listed for Rent
$375/w
30 Jun 2023
  • 13 Aug 2020
    Sold for $980,000
  • 07 Apr 2020
    Listed for Rent - Price not available
  • 12 Dec 2019
    Listed for Sale Contact Agent
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About Orford 7190

The size of Orford is approximately 35.6 square kilometres. It has 12 parks covering nearly 21.9% of total area. The population of Orford in 2011 was 518 people. By 2016 the population was 605 showing a population growth of 16.8% in the area during that time. The predominant age group in Orford is 60-69 years. Households in Orford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Orford work in a managers occupation. In 2011, 70.5% of the homes in Orford were owner-occupied compared with 78.8% in 2016.

Orford has 1,204 properties. Over the last 5 years, Houses in Orford have seen a 89.81% increase in median value, while Units have seen a 98.86% increase. As at 31 October 2024:

  • The median value for Houses in Orford is $606,494 while the median value for Units is $385,767.
  • Houses have a median rent of $400 while Units have a median rent of $200.
There are currently 19 properties listed for sale, and 1 property listed for rent in Orford on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Orford.

Suburb Insights for Orford 7190

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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.