SOLD
Sold on 25 Jun 2024 for $850,000

121 Sandy Bay Road
Sandy Bay TAS 7005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 430m2
Land area: 751m2
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Property Details for 121 Sandy Bay Rd, Sandy Bay

Building Type
Commercial
Year Built
1970
Floor Size
430m2
Land Size
751m2
Local Government
Hobart
Lot/Plan
1/63123

Last Listing description (July 2017)

SHOWROOM, RETAIL, PARKING AND STORAGE
Located with massive exposure onto the busy Sandy Bay Road this property provides a very versatile mixture of accommodation and use options. The ground level provides over 430m2 of useable space for product display, sales and dispatch with a roller door access to the rear storage area. The mezzanine and first floor provides 140m2 of space currently used for display and retail but could easily be adaptable to office, staff training or other applications. On-site parking provided, abundant natural light and Profile, Profile, Profile. FOR LEASE.

Property History for 121 Sandy Bay Rd, Sandy Bay, TAS 7005

A timeline of how this property has performed in the market
Last Sold
$850,000
25 Jun 2024
Listed for Rent
12 Jul 2017
  • 25 Jun 2024
    Sold for $850,000
  • 01 Sep 2017
    Sold for $1,550,000
  • 24 Jan 2017
    Listed for Rent $115,000 / year
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About 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 5,842 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.
There are currently 27 properties listed for sale, and 16 properties listed for rent in Sandy bay on OnTheHouse. According to CoreLogic's data, 186 properties were sold in the past 12 months in Sandy bay.

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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.