OFF MARKET

1-2 Rundle Road
Stony Rise TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2m2
Land area: 41060m2
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Property Details for 1-2 Rundle Rd, Stony Rise

Building Type
Commercial
Year Built
1980
Floor Size
2m2
Land Size
41060m2
Local Government
Devonport
Lot/Plan
2/133490

Last Listing description (September 2016)

AN OPPORTUNITY OF SIGNIFICANT SUBSTANCE
The property is for sale by Formal Expressions of Interest closing 24th June 2016
Stony Rise complex is located on the South Western fringe of Devonport and is an opportunity of significant substance both in quality of improvements and quality of the lease covenant. Offering the following key features:

- An overall site area of 4.106 hectares contained on two titles
- Five main buildings providing offices, workshops and two residences
- Over 2,500m of usable floor space
- Blue Chip Tenant The State Government
- Long term lease to July 2030
- Current rent $355,000 pa with the tenant paying all normal outgoings
Please Contact Mark Devine at L J Hooker Commercial Hobart or Adam Luck at L J Hooker Burnie

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Property History for 1-2 Rundle Rd, Stony Rise, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$3,603,000
14 Jul 2016
  • 14 Jul 2016
    Sold for $3,603,000
  • 24 May 2016
    Listed for Sale Formal Expressions of Interest

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About Stony Rise 7310

The size of Stony Rise is approximately 3.1 square kilometres. It has 2 parks covering nearly 34.4% of total area. The population of Stony Rise in 2011 was 796 people. By 2016 the population was 648 showing a population decline of 18.6% in the area during that time. The predominant age group in Stony Rise is 40-49 years. Households in Stony Rise are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stony Rise work in a professional occupation. In 2011, 85.9% of the homes in Stony Rise were owner-occupied compared with 80.2% in 2016.

Stony Rise has 448 properties. Over the last 5 years, Houses in Stony Rise have seen a 54.00% increase in median value, while Units have seen a 44.65% increase. As at 30 November 2024:

  • The median value for Houses in Stony Rise is $604,095 while the median value for Units is $494,045.
  • Houses have a median rent of $328.
There are currently 8 properties listed for sale, and no properties listed for rent in Stony rise on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Stony rise.

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