116B King StreetSandy Bay TAS 7005
Property Details for 116b King St, Sandy Bay
Last Listing description (August 2011)
Prime location in King Street
Located in a premium location along King Street next to the Raw Food Store in Sandy Bay. Greens Quality Meats has been operating as long as most can remember. It has great exposure in a boutique area. The current tenant has served 10 years already and into their second term of 5 years which they have a third term of 5 years option. A quality stable tenant with long terms plans.
Affordable commercial property
First class exposure along King Street
Good shop frontage in excellent condition
Long term tenants 5 year lease + 5 year option
Zoned: Residential 1 Precinct 22B under the Hobart Planning Scheme
Opportunity waits for no one DO NOT hesitate, make an appointment to view today. Please contact Garry Quan on 0403 218 444 or 0362 310 311.
Property History for 116b King St, Sandy Bay, TAS 7005
- 17 May 2021Sold for $405,000
- 11 Jul 2011Sold for $346,500
- 24 Jun 2011Listed for Sale FOR SALE BY NEGOTIATION
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0About Sandy Bay 7005
The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23% of total area. The population of Sandy Bay in 2011 was 11,156 people. By 2016 the population was 11,925 showing a population growth of 6.9% in the area during that time. The predominant age group in Sandy Bay is 20-29 years. Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation. In 2011, 63.1% of the homes in Sandy Bay were owner-occupied compared with 61.5% in 2016.
Sandy Bay has 5,841 properties. Over the last 5 years, Houses in Sandy Bay have seen a 37.00% increase in median value, while Units have seen a 19.52% increase. As at 31 October 2024:
- The median value for Houses in Sandy Bay is $1,320,252 while the median value for Units is $648,147.
- Houses have a median rent of $620 while Units have a median rent of $495.
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