29 Ritchie StreetWaratah TAS 7321
Property Details for 29 Ritchie St, Waratah
Last Listing description (September 2016)
Approx 900m2 of fully serviced building area on 1.3 Ha (approx 3.3 acres) situated in the growing tourism town of Waratah. Last century, the force of the iconic Waratah Waterfall turned huge waterwheels which drove ore processing machinery in amazing buildings cleverly suspended over the falls. Proximity to the world renown Cradle Mountain and the Tarkine Wilderness Reserve has made Waratah an ideal stopover destination with a history of its own and growing demand for large group accommodation.
The Schools sports ground seems perfect for vans and with a kiosk (kitchen facilities), large assembly room, classrooms, staff room, offices, multiple toilet facilities, workshop and tennis court, it appears perfect for travellers accommodation. Other considerations could be youth camps, large club display functions, respite or rehabilitation centre, arts/ crafts/ history centre, hospitality or privately enjoy the property as you wish only 45 minutes from Burnie.
The potential of this substantial property is endless (STCA) Opportunities like this are rare.
Property History for 29 Ritchie St, Waratah, TAS 7321
- 15 Jul 2016Sold for $220,000
- 16 Jun 2016Listed for Sale Auction
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0About Waratah 7321
The size of Waratah is approximately 120.3 square kilometres. It has 4 parks covering nearly 15.3% of total area. The population of Waratah in 2011 was 300 people. By 2016 the population was 235 showing a population decline of 21.7% in the area during that time. The predominant age group in Waratah is 60-69 years. Households in Waratah are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Waratah work in a labourer occupation. In 2011, 78.9% of the homes in Waratah were owner-occupied compared with 81.7% in 2016.
Waratah has 429 properties. Over the last 5 years, Houses in Waratah have seen a 83.78% increase in median value, while Units have seen a 204.93% increase. As at 31 October 2024:
- The median value for Houses in Waratah is $249,410 while the median value for Units is $278,194.
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