10 Runway PlaceCambridge TAS 7170
Property Details for 10 Runway Pl, Cambridge
Last Listing description (March 2021)
Knight Frank has the exclusive opportunity to offer for sale the Juicy Isle building at 10 Runway Place, Cambridge as a tenanted investment.
The property is offered as one parcel by Expressions of Interest.
10 Runway Place is a modern built industrial complex comprising approximately 4,850sqm of expansive warehouse currently utilised as a production facility for high quality beverages, complemented by approximately 880sqm of offices and amenities, with extensive hardstand over a 1.07ha (approx.) site.
Juicy Isle, a privately owned beverage production and distribution company, has occupied the site since 2007 and has an 8 year lease from 1 July 2017, and has formally taken an option up of a further 5 years, giving a lease expiry in 2030. There are two further 5-year options.
Cambridge has experienced significant development in recent years and looks set to continue as Hobart and its northern suburbs transition through urban sprawl into higher density residential. Its proximity to the Tasman Highway and Hobart International Airport allow varied transport options and the mix of Light industrial and Commercial zonings are popular with businesses looking to relocate to newer premises.
Property History for 10 Runway Pl, Cambridge, TAS 7170
- 23 Mar 2021Sold for $9,500,000
- 27 Jan 2021Listed for Sale For sale by Expressions of Interest
- 08 Jul 2015Sold for $6,500,000
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0About Cambridge 7170
The size of Cambridge is approximately 50.1 square kilometres. It has 9 parks covering nearly 15.9% of total area. The population of Cambridge in 2016 was 1161 people. By 2021 the population was 1454 showing a population growth of 25.2% in the area during that time. The predominant age group in Cambridge is 60-69 years. Households in Cambridge are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cambridge work in a professional occupation.In 2021, 85.00% of the homes in Cambridge were owner-occupied compared with 85.50% in 2016.
Cambridge has 1,310 properties. Over the last 5 years, Houses in Cambridge have seen a 56.93% increase in median value, while Units have seen a 38.96% increase. As at 31 December 2025:
- The median value for Houses in Cambridge is $978,373 while the median value for Units is $617,130.
- Houses have a median rent of $500.
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