2/10 Magnet CourtSandy Bay TAS 7005
Property Details for 2/10 Magnet Ct, Sandy Bay
Last Listing description (April 2023)
Knight Frank is pleased to offer for sale this owner-occupier or investment opportunity, in the affluent suburb of Sandy Bay.
The offering comprises a first floor office and is conveniently located within part of the multi-tenanted shopping precinct, Magnet Court. The tenancy is surrounded by a strong mix of national and local F&B and service and retail businesses, including Liv-Eat, Anytime Fitness, Me Wah Restaurant, Terry White Chemist, Don Camillo, Acai Brothers (coming soon) and Total Eyecare.
Unit 2 has a strata area of 99 sqm* and is being sold with a short-term lease to long-term tenant Peter Thompson Accountant and Tax Agent. Lease expiry is 15 December 2022.
Offers over $495,000 plus GST (if applicable)
*Approximately
Property History for 2/10 Magnet Ct, Sandy Bay, TAS 7005
- 23 Sep 2024Sold for $575,001
- 07 Mar 2023Sold for $425,000
- 30 Nov 2022Listed for Rent $30,000 / 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.
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