SOLD
Sold on 18 Dec 2023 for $913,000

55 South Arm Road
Rokeby TAS 7019

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 223m2
Land area: 2023m2
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Property Details for 55 South Arm Rd, Rokeby

Building Type
Commercial
Year Built
1964
Floor Size
223m2
Land Size
2023m2
Local Government
Clarence
Lot/Plan
26/71797

Last Listing description (November 2023)

Knight Frank is pleased to present this rare warehouse with surplus land, fronting busy South Arm Road, perfect for an owner occupier, investor or developer.

55 South Arm Road, comprises of over 2,000 sqm* of level land, contained over two titles, and benefitted by a 223 sqm* double brick warehouse already in situ. Rokeby is 15* minutes from both the Hobart CBD and Hobart International Airport, providing fantastic scope to either occupy or capitalise on the growing industrial demand within greater Hobart.

The site is favourably zoned 'Light Industrial' per the Tasmanian Planning Scheme Clarence. The zoning provides the opportunity for a range of development options including a larger warehouse, a strata unit development, factory, or self-storage facilities^.

The property is currently occupied by the iconic local surfboard manufacturer - Stranger Surfboards, which has been an institution within the local area for a number of years.

With land prices increasing considerably over the last two years in Cambridge and more recently Brighton, this investment or potential bank enables purchasers to find development value in an up-and-coming industrial pocket of greater Hobart.

^STCA
*Approximately

Property History for 55 South Arm Rd, Rokeby, TAS 7019

A timeline of how this property has performed in the market
Last Sold
$913,000
18 Dec 2023
  • 18 Dec 2023
    Sold for $913,000
  • 02 Nov 2023
    Listed for Sale Contact Agent
  • 10 Dec 1992
    Sold for $81,000
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About Rokeby 7019

The size of Rokeby is approximately 12.3 square kilometres. It has 14 parks covering nearly 6.1% of total area. The population of Rokeby in 2011 was 3,157 people. By 2016 the population was 3,374 showing a population growth of 6.9% in the area during that time. The predominant age group in Rokeby is 0-9 years. Households in Rokeby are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rokeby work in a community and personal service occupation. In 2011, 57.9% of the homes in Rokeby were owner-occupied compared with 55% in 2016.

Rokeby has 2,605 properties. Over the last 5 years, Houses in Rokeby have seen a 67.69% increase in median value, while Units have seen a 73.21% increase. As at 31 October 2024:

  • The median value for Houses in Rokeby is $523,168 while the median value for Units is $550,421.
  • Houses have a median rent of $510 while Units have a median rent of $510.
There are currently 46 properties listed for sale, and 3 properties listed for rent in Rokeby on OnTheHouse. According to CoreLogic's data, 145 properties were sold in the past 12 months in Rokeby.

Suburb Insights for Rokeby 7019

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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.