159/161 Scamander AvenueScamander TAS 7215
Property Details for 159/161 Scamander Ave, Scamander
159/161 Scamander Ave, Scamander is a 9 bedroom, 7 bathroom Unit with 2 parking spaces. The property has a land size of 4000m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 9 bedroom Unit sold in Scamander in the last 12 months.
Last Listing description (November 2024)
Seize the opportunity to acquire a versatile 3926m2 waterfront property in Scamander, Tasmania. This exceptional offering encompasses three titles with a lucrative $125k annual income easily attainable from eight tenancies, including a restaurant, 3 bedroom house, one bedroom unit, and five studio units. All residential properties are fully leased.
Suited to savvy investors and developers, this property boasts expansive water and beach views and presents a unique opportunity to either enhance the existing income stream or to conceive a transformative redevelopment project - and whilst deciding the strong income stream is in place. Capitalise on the prime location where Scamander River meets the beach to potentially expand the hospitality venture, or reimagine the space with luxury apartments that cater to the increasing demand for quality coastal living. Zoned residential, the options are endless!
Investment highlights:
Multi tenanted with diverse income sources
Strategic waterfront location with stunning views
Significant land holding with redevelopment potential
Established restaurant and residential units within the portfolio
Impressive main road frontage
Please note, property inspections are strictly by appointment only with a minimum 2 working days notice.
This is more than just a property; it's a canvas for the astute commercial investor and visionary developer. Invest in the existing structure or recreate - the potential here is as vast as the ocean it overlooks.
PROPERTY INFORMATION:
3 titles comprising 3926m2
Zoning: General residential
Serviced by town water, mains sewer and power. NBN available
Absolute water frontage
Scamander is one of the most popular coastal towns on Tasmania's east coast. 16km south of St Helens which is the largest town on the coast, Scamander is serviced by a post office, pharmacy, supermarket, fuel station, coffee shops, newsagency, hotel, sports complex and milk bar. Situated at the mouth of the Scamander River and famous for beautiful Scamander Beach, this coastal town has a very relaxed vibe. The township is serviced by a twice daily bus service to the coastal towns and major cities. 4g Optus and Telstra coverage available plus broadband & NBN internet.
Harcourts St Helens has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations
Property History for 159/161 Scamander Ave, Scamander, TAS 7215
- 22 Jul 2024Sold for $900,000
- 21 Mar 2024Listed for Sale Expressions of Interest Close April 26
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About Scamander 7215
The size of Scamander is approximately 19.3 square kilometres. It has 6 parks covering nearly 38.3% of total area. The population of Scamander in 2011 was 718 people. By 2016 the population was 654 showing a population decline of 8.9% in the area during that time. The predominant age group in Scamander is 60-69 years. Households in Scamander are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Scamander work in a trades occupation. In 2011, 71.7% of the homes in Scamander were owner-occupied compared with 74.5% in 2016.
Scamander has 670 properties. Over the last 5 years, Houses in Scamander have seen a 54.94% increase in median value, while Units have seen a 100.76% increase. As at 30 November 2024:
- The median value for Houses in Scamander is $464,605 while the median value for Units is $416,512.
- Houses have a median rent of $410.
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