Issue 50 | The Property Development Review

Property Listings – TAS

ATTENTION INVESTORS & DEVELOPERS

FOR SALE BY AUCTION: Blocks 1, 2 & 3, Section 48 Macquarie ACT

Short Walk to Jamison P Canberra High School 2.5km* to UC & Calvary 3km* to Westfield Belco

3 adjoining blocks for sale as a single lot ‘in-one-line’ Group Centre location with CZ3 Zoning

Combined NLA of 901sqm* & land area of 1,718sqm* Significant frontage to Bowman Street & Lawry Place 100 % leased to 8 long-standing tenants providing holding income Passing NET income of $300,000pa* Rents increasing annually in line with CPI & all tenants pay increases in rates AUCTION ON-SITE: 11.00am, Wednesday 10th April 2024

SENSATIONAL HIGH EXPOSURE SITE - MANY OPTIONS

Mark Nicholls 0417 239 551 mark.nicholls@canber

• Comprises 9,952m2 of relatively flat vacant land zoned “Light Industrial”. Features rear access from Railway Court providing additional flexibility for development, plus corner frontage to Backhouse Lane. • Nearby businesses include Coates Hire, Royal Wolf, Wyllie Tiles, Reece Civil, Bidfood, TasNetworks and “The Cambridge Centre” incorporating Harvey Norman and other leading national retailers. Adjoins the self-titled “Cambridge Trade Centre”, a large showroom-warehouse complex under construction. • Perfect site for high value display - storage businesses (trade or hardware suppliers) and sales and hire occupiers. • In short, this parcel of land is a rare opportunity in a thriving precinct of diminishing high profile options. Featuring front and rear access, 3 titles and a huge frontage, the site provides many development alternatives for single or multiple occupiers in an area where demand continues to surge.

8-10 RAILWAY COURT & 55 KENNEDY DRIVE, CAMBRIDGE, TAS, 7170 • 9952m 2 on 3 Titles • Front and Rear Access • Rare Commodity in Boom Precinct Raine & Horne Commercial Canberra Raine & Horne Commercial is delighted to offer for sale one of the last remaining undeveloped industrial sites with exposure to Kennedy Drive in Cambridge. Features include; • Expansive frontage (149 metres approx.) providing exceptional exposure to Kennedy Drive, the main thoroughfare through the thriving Cambridge industrial-commercial precinct, one of greater Hobart’s strongest growth areas. • Easy access to the Tasman Highway, Kennedy Drive, and Richmond Link Road, all major transport routes in the area. Approximately 15 minutes drive from Hobart CBD and 5 minutes to Hobart International Airport.

Local Knowledge & Nation

For more in formation contact: Leslie Simpson 0419 339 826

138 – April / May 2024

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