23-25 Gordon StreetSorell TAS 7172
Property Details for 23-25 Gordon St, Sorell
23-25 Gordon St, Sorell is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 1175m2 and floor size of 167m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 3 bedroom House sold in Sorell in the last 12 months.
Last Listing description (December 2024)
With 2 existing cottages (both tenanted) PLUS Development Approval for 2 additional cottages at the rear of the property (plans available) all the hard work has been done for you - this is an opportunity not to be missed.
Development opportunities such as this are hard to come by - zoned General Business for mixed use, this 1175m2 property is perfectly located in the heart of Sorell - one of the quickest growing Tasmanian municipalities.
- Walking distance to Woolworths & Coles shopping centres, School, Banks, Chemists, Cafes, Hotels and Service Tasmania.
- 25 Minutes from Hobart CBD
- Directly opposite park and visitor information centre.
- Gateway to the East Coast and the historical Peninsula
D.A. FOR ADDITIONAL 2 X 1 BEDROOM COTTAGES
- Plans available for viewing.
- Potential for possible holiday accommodation or
- Long term rental (mixed residential or commercial).
- Both the above rental options are in high demand, providing for a great return on investment.
- Potential weekly rental (todays market) of $700-$750 combined per week.
EXISTING 2 COTTAGES
- 2 Bedroom/1 Bathroom and 1 Bedroom/1 Bathroom.
- Currently returning $800 combined per week.
- Current tenants keen to stay on.
There is also the added option of being able to Strata the cottages (STCA) or subdivide (STCA) adding even more value to this opportunity.
For the astute investor/investor occupier progressing this development will increase the yield return substantially given the options for rental. Four cottages on the one parcel of land on the main street of Sorell - makes for an excellent investment.
Please do not hesitate to contact me for further details.
To arrange your inspection, please contact our office using the Contact Agent link on this page and we invite you to download our free App (apple and android) from the App Store. Simply search for Raine & Horne Eastern Shore. We can notify you of new listings, inspection times and price changes as soon as they happen.
All measurements are approximate and details intended to be relied upon should be independently verified. The particulars contained in this advertisement do not form any contract. While care has been taken in its presentation, no representation is made and no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.
Property History for 23-25 Gordon St, Sorell, TAS 7172
- 02 Dec 2024Sold for $735,000
- 18 Aug 2024Listed for Sale Offers Over $745,000
- 11 Jul 2023Listed for Sale Offers Over $745,000
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0About Sorell 7172
The size of Sorell is approximately 22 square kilometres. It has 8 parks covering nearly 3.4% of total area. The population of Sorell in 2011 was 2,475 people. By 2016 the population was 2,923 showing a population growth of 18.1% in the area during that time. The predominant age group in Sorell is 0-9 years. Households in Sorell are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sorell work in a clerical occupation. In 2011, 71.9% of the homes in Sorell were owner-occupied compared with 71.1% in 2016.
Sorell has 2,315 properties. Over the last 5 years, Houses in Sorell have seen a 46.22% increase in median value, while Units have seen a 48.04% increase. As at 30 November 2024:
- The median value for Houses in Sorell is $645,267 while the median value for Units is $474,333.
- Houses have a median rent of $530 while Units have a median rent of $440.
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