3 Cessna WayCambridge TAS 7170
Property Details for 3 Cessna Way, Cambridge
Last Listing description (April 2023)
Knight Frank is delighted to offer to market a fantastic industrial investment at 3 Cessna Way, Cambridge.
The brand-new facility was recently completed and is constructed of metal decking across the warehouse and office components. The well-presented, modern fit out warehouse is situated on an impressive 4,395 sqm* of level land. The site is complimented by a high quality 1,156 sqm* warehouse, 200 sqm* of offices over two levels and includes board room reception and meeting facilities. Approximately 1,800 sqm* of concrete hardstand and 22 car parks boost the flexibility and future uses of the property. The premises is fully fenced with automatic gates and includes 3-phase power.
CAMSTEEL and roofing is a locally owned and operated steel and roofing supplier paying a net annual rent of $220,000 per annum* plus all statutory outgoings and building insurance, and have a 5-year lease until March 2028 with options. Significant depreciation benefits are associated with this asset with 36%* of year 1 rent potentially tax deductible.
For Sale by Expressions of Interest closing 20 April 2023 at 4:00pm AEST.
*Approximate
Property History for 3 Cessna Way, Cambridge, TAS 7170
- 27 Apr 2023Sold for $3,920,000
- 22 Mar 2023Listed for Sale For Sale by Expressions of Interest
- 21 Aug 2020Sold for $490,000
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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 1,321 properties. Over the last 5 years, Houses in Cambridge have seen a 25.84% increase in median value, while Units have seen a 26.39% increase. As at 30 April 2026:
- The median value for Houses in Cambridge is $966,792 while the median value for Units is $671,162.
- Houses have a median rent of $498.
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