3 Mckays RoadSomerset TAS 7322
Property Details for 3 Mckays Rd, Somerset
Last Listing description (January 2020)
Knight Frank has the exclusive opportunity to offer for sale 3 McKays Road, Somerset. The property is strategically located on the Bass Highway, Somerset, with frontage and access off McKays Road and Fairlands Drive.
3 McKays Road provides an industrial property which offers a blend of offices/showroom and warehouse. A further detached warehouse is situated on the site.
Knight Frank recommends close consideration by investors and occupiers and notes the following key features:
- Corner site of 4,138 sqm, zoned 'General Industrial'
- GBA 1,127 sqm (Approx.)
- Popular industrial precinct
- Bass Highway Exposure
- Potential for occupation by multiple tenants (STCA)
- Future development potential (STCA)
- Ample onsite parking with good manoeuvrability
The property is offered for sale on a vacant possession basis.
For further details or to inspect the property, please contact Nicholas Bond of Knight Frank.
Property History for 3 Mckays Rd, Somerset, TAS 7322
- 15 Apr 2024Sold for $880,000
- 23 Dec 2019Sold for $660,000
- 17 Sep 2018Listed for Sale $600,000 plus GST
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0About 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 2,047 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.
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