SOLD
Sold on 23 Sep 2024 for $575,001

2/10 Magnet Court
Sandy Bay TAS 7005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 99m2
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Property Details for 2/10 Magnet Ct, Sandy Bay

Building Type
Commercial
Year Built
1965
Floor Size
100m2
Land Size
99m2
Local Government
Hobart
Lot/Plan
2/137539

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

A timeline of how this property has performed in the market
Last Sold
$575,001
23 Sep 2024
Listed for Rent
$575/w
19 Apr 2023
  • 23 Sep 2024
    Sold for $575,001
  • 07 Mar 2023
    Sold for $425,000
  • 30 Nov 2022
    Listed 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 5,844 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 25 properties listed for sale, and 15 properties listed for rent in Sandy bay on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Sandy bay.

Suburb Insights for Sandy Bay 7005

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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.