OFF MARKET

37 Stony Rise Road
Stony Rise TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 374500m2
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Property Details for 37 Stony Rise Rd, Stony Rise

Building Type
Commercial
Land Size
374500m2
Local Government
Devonport
Lot/Plan
1/120917

Last Listing description (March 2019)

Knight Frank is pleased to offer for sale part 37 Stony Rise Road, Devonport a modern and highly professional showroom and industrial facility used for agricultural machinery sales and service.
This unique property is an outstanding Devonport industrial location with strong road linkages to the Bass Highway and the Port of Devonport. The site offers significant frontage and exposure to Stony Rise Road on a large site of approximately 1.57 ha (post issue of title). The property being sold has an approximate floor area of 3,153sqm (approx.), with impressive external improvements comprising 6,920sqm of concrete hardstand and 2,075sqm of sealed hardstand (approx.).
The property is currently let on a 10+5+5 year lease to Tasmanian Farm Equipment Pty Ltd from 31 October 2012. Following the sale of Tasmanian Farm Equipment business by Ruralco Ltd in March 2017, the property is now subject to a sub-lease to Total Ag Solutions Tasmania Pty Ltd. Current net rental is $402,852.56 per annum + GST + Outgoings, with the next rent review due 31 October 2017. The lease is also secured by a substantial bank guarantee of $574,200.

Overall the property presents as one of the most modern and functional showroom and industrial facilities developed in North West Tasmania providing a unique combination of flexible spaces that would be the envy of a number of occupiers in the market.
Key features include:
- Completed 2012 - significant depreciation benefits
- Floor area: 3,153sqm (approx.). Land area: 15,700sqm (approx.)
- 10 year lease expires Oct 2022 with options to 2032
- Current net rental of $402,852.56 per annum
- Substantial bank guarantee in place
- Strategic industrial location close to the port and major highway
- Current tenant services a wide and varied agricultural catchment from this location
- Tenant pays all usual outgoings. Annual rental reviews > CPI or 5.00%
For Sale by Offer.
For further details regarding this property please contact Nicholas Bond of Knight Frank.

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Property History for 37 Stony Rise Rd, Stony Rise, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$145,000
28 Feb 1997
  • 17 Aug 2017
    Listed for Sale EXPRESSIONS OF INTEREST
  • 27 Jan 2017
    Listed for Sale Not Disclosed
  • 27 Jan 2017
    Listed for Rent - Price not available
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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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