2 Massey PlaceQuoiba TAS 7310
Property Details for 2 Massey Pl, Quoiba
Last Listing description (September 2021)
2 Massey Place Quoiba provides investors with a rare opportunity to secure an affordable, long term passive asset in a central position ideally located on the outskirts of Devonport (Tasmania's third largest city).
The property is fully leased to national vet chain 'VetPartners' who currently have approximately 240 practices around Australia and New Zealand. The initial lease is due to expire in just under 9 years (30 June 2030), with further 5+5+5 year options. The lease provides annual CPI rental reviews and the recovery of typical outgoings from the tenant (excluding land tax). Budgeted net income is forecast to total approximately $24,886.36.
With commercial and industrial properties in the region in high demand, this property affords a fantastic opportunity for investors to gain an entry level asset in the market.
2 Massey Place is being offered for sale by Expressions of Interest closing 4.00 pm, (AEST), 9th September, 2021.
For further details, please contact Knight Frank.
Property History for 2 Massey Pl, Quoiba, TAS 7310
- 16 Aug 2021Listed for Sale Contact Agent
- 30 Jun 2014Sold for $214,500
- 02 Jul 2007Sold for $195,000
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0About Quoiba 7310
The size of Quoiba is approximately 3.9 square kilometres. It has 8 parks covering nearly 16.9% of total area. The population of Quoiba in 2011 was 419 people. By 2016 the population was 419 showing a stable population in the area during that time. The predominant age group in Quoiba is 60-69 years. Households in Quoiba are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Quoiba work in a labourer occupation. In 2011, 84.6% of the homes in Quoiba were owner-occupied compared with 82.8% in 2016.
Quoiba has 320 properties. Over the last 5 years, Houses in Quoiba have seen a 102.73% increase in median value. As at 31 October 2024:
- The median value for Houses in Quoiba is $486,174 while the median value for Units is $412,010.
- Houses have a median rent of $268.
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