255 Kennedy DriveCambridge TAS 7170
Property Details for 255 Kennedy Dr, Cambridge
Last Listing description (March 2023)
Knight Frank has the exclusive privilege to offer for sale an outstanding industrial investment for all investors and owner occupiers.
255 Kennedy Drive is situated on the northern side of Kennedy Drive, Cambridge approximately 13kms east of Hobart's CBD and sits on a 3,366 sqm* land parcel. The property includes 66 individual shipping containers, fully leasedfor short-term storage on month-to-month arrangements with an estimated net annual income of $141,590 pa. Complimenting the property and containers are 6 x 42m3small storage warehouses and a 162 sqm* warehouse which is currently owner occupied.
This property should be strongly considered by all savvy investors or owner occupiers, looking to secure a sought-after income producing asset with flexibility for significant rental uplift in the short to medium term, and future development potential.
255 Kennedy Drive, Cambridge is for sale by Expression of Interest closing Thursday 23 February at 4pm (AEDT).
Property History for 255 Kennedy Dr, Cambridge, TAS 7170
- 02 Mar 2023Sold for $1,859,375
- 25 Jan 2023Listed for Sale Contact Agents
- 25 Mar 2014Sold for $470,000
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0About Cambridge 7170
The size of Cambridge is approximately 50.1 square kilometres. There are 9 parks, covering nearly 15.9% of the 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 1,326 properties. Over the last 5 years, Houses in Cambridge have seen a 26.44% increase in median value, while Units have seen a 17.30% increase. As at 30 June 2026:
- The median value for Houses in Cambridge is $1,017,191 while the median value for Units is $663,683.
- Houses have a median rent of $498.
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