OFF MARKET

10-11 Bass Highway
Round Hill TAS 7320

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 286m2
Land area: 4214m2
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Property Details for 10-11 Bass Hwy, Round Hill

Building Type
Commercial
Floor Size
286m2
Land Size
4214m2
Local Government
Burnie
Lot/Plan
3/50791

Last Listing description (June 2010)

INVESTMENT
INTRODUCTION
Raine & Horne Hobart is delighted to offer For Sale a prize industrial investment situated at the eastern entrance to the city of Burnie.

Comprising an Equipment Hire Depot leased to Sherrin Hire Pty Ltd now trading as Boom Sherrin, the property represents a versatile industrial complex with a new 5 year lease covenant and significant development potential at lease end.
Features include:
* Major industrial site (4212m) surrounded by leading businesses
* Versatile improvements suited to a range of occupiers
* Convenient heavy vehicle access and traffic flow through the property
* Ample on site parking
* New 5 year lease term to the sitting national tenant
* Includes vacant rear land with a separate Right of Way access for future development at lease end
In short, the property is highly recommended to the passive property investor or those looking to add value through further development at lease end.
Raine & Horne Hobart have been instructed by the Vendor to offer the property For Sale by Private Treaty subject to the existing lease.
Price $470,000 exclusive of GST.

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Property History for 10-11 Bass Hwy, Round Hill, TAS 7320

A timeline of how this property has performed in the market
  • 29 Jun 2010
    Listed for Sale $470,000

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About Round Hill 7320

The size of Round Hill is approximately 2.4 square kilometres. It has 3 parks covering nearly 85.8% of total area. The population of Round Hill in 2011 was 450 people. By 2016 the population was 112 showing a population decline of 75.1% in the area during that time. The predominant age group in Round Hill is 50-59 years. Households in Round Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Round Hill work in a professional occupation. In 2011, 74% of the homes in Round Hill were owner-occupied compared with 89.8% in 2016..

Round Hill has 70 properties. Over the last 5 years, Houses in Round Hill have seen a 61.23% increase in median value. As at 30 November 2024:

  • The median value for Houses in Round Hill is $655,929.
There are currently no properties listed for sale, and no properties listed for rent in Round hill on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Round hill.

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