644 Sandy Bay RoadSandy Bay TAS 7005
Property Details for 644 Sandy Bay Rd, Sandy Bay
Last Listing description (April 2021)
Knight Frank offer for sale in one line two commercial properties located on a high exposure corner in the tightly held Lower Sandy Bay commercial precinct.
Occupying a 552 sqm (approx) site, the two adjoining properties have been trading as a conjoined supermarket and bakery for over 30 years. The flexible Local Business zoning permits a number of attractive uses, including a mixed-use development incorporating residential and commercial uses (STCA).
The properties are being sold with vacant possession and for the investor offer a diversified income stream with the opportunity for multiple tenants in different property sectors. For business operators, this offering has the added benefit of existing retail and F&B infrastructure as well as a 2 bedroom apartment on level 1 for those seeking a place to reside or the added benefit of short stay accommodation income (STCA).
The surrounding beaches and parklands are a major attraction for locals and the nearby commercial offerings are the strong beneficiaries of this.
The properties are for sale via Expressions of Interest closing Thursday 11 March 2021 at 4pm (AEDT).
For further information please contact either of the exclusive selling agents
Property History for 644 Sandy Bay Rd, Sandy Bay, TAS 7005
- 25 Mar 2021Listed for Sale Contact agent
- 27 Feb 2019Listed for Sale Expressions of Intetest
- 03 Sep 2015Listed for Rent $49,400 / year
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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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