OFF MARKET

2/2 Reece Court
Somerset TAS 7322

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1619m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 2/2 Reece Ct, Somerset

Building Type
Commercial
Year Built
1992
Land Size
1619m2
Local Government
Waratah-Wynyard
Lot/Plan
2/100949

Last Listing description (July 2022)

Somerset Removals and Storage has been operating for over 40 years and further developed under its current ownership structure, which has been in place since 2000. This has included acquisition of two warehouses and progressive upgrades of the supporting plant and equipment, resulting in continued growth in turnover.

The property comprises two strata titled warehouse units, each approximately 390 sqm in size. Unit 1 also has an undeveloped parcel of land at the rear that could be further improved (STCA).

Somerset Removals and Storage is offered for sale at $940,000 + GST on a walk in walk out (WIWO) basis.

To discuss this opportunity and arrange an inspection, please contact Knight Frank.

Property History for 2/2 Reece Ct, Somerset, TAS 7322

A timeline of how this property has performed in the market
Last Sold
$600,000
14 Apr 2022
  • 14 Apr 2022
    Sold for $600,000
  • 13 Aug 2021
    Listed for Sale $940,000 + GST WIWO
  • 06 Mar 2020
    Listed for Sale By Negotiation
Sign in to see more transactions

Commute Calculator

About Somerset 7322

The size of Somerset is approximately 27 square kilometres. It has 8 parks covering nearly 1.3% of total area. The population of Somerset in 2011 was 3,974 people. By 2016 the population was 3,885 showing a population decline of 2.2% in the area during that time. The predominant age group in Somerset is 50-59 years. Households in Somerset are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Somerset work in a trades occupation. In 2011, 71% of the homes in Somerset were owner-occupied compared with 69.3% in 2016.

Somerset has 2,046 properties. Over the last 5 years, Houses in Somerset have seen a 74.06% increase in median value, while Units have seen a 68.40% increase. As at 31 October 2024:

  • The median value for Houses in Somerset is $444,283 while the median value for Units is $358,224.
  • Houses have a median rent of $400 while Units have a median rent of $253.
There are currently 14 properties listed for sale, and 2 properties listed for rent in Somerset on OnTheHouse. According to CoreLogic's data, 79 properties were sold in the past 12 months in Somerset.

Suburb Insights for Somerset 7322

Market Insights
Somerset Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Somerset Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.