263 Kennedy DriveCambridge TAS 7170
Property Details for 263 Kennedy Dr, Cambridge
Last Listing description (March 2023)
Knight Frank has the sole agency to offer to the market this exciting opportunity to purchase a significant industrial investment property.
263 Kennedy Drive is a large modern industrial property, built in 2010 with a land area of 6,172 sqm*.
The building presents well and comprises 2,438 sqm* of under roof warehouse and office space, comprising 2 tenancies. The hardstand to the north is occupied by a national fuel company, comprising the third tenancy. Access is via the main road in the Cambridge Industrial Estate (Kennedy Drive) and the property has driveway access at both the Northern and Southern boundaries.
The property is well located within the developing mixed-use locality of Cambridge, approximately 15 kilometres east of Hobart's city centre, via the Tasman Highway.
An opportunity for investors to acquire a quality industrial holding.
*Approximate
Property History for 263 Kennedy Dr, Cambridge, TAS 7170
- 15 Mar 2023Sold for $6,075,000
- 08 Feb 2023Listed for Sale For Sale by Expressions of Interest
- 23 Oct 2020Listed for Sale For Sale by Expressions of Interest
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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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