60 Lymington Road, Cygnet, TAS 7112 sold on 21 March 2025 | OnTheHouse
SOLD
Sold on 21 Mar 2025 for $4,000,000

60 Lymington Road
Cygnet TAS 7112

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1507m2
Land area: 8459m2
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Property Details for 60 Lymington Rd, Cygnet

Building Type
Commercial
Year Built
1940
Floor Size
1507m2
Land Size
8459m2
Local Government
Huon Valley
Lot/Plan
1/164743

Last Listing description (June 2023)

Just a 50 minute drive south of Hobart, nestled beside the waterfront of Cygnet, Tasmania, lies a two hectare hub of interconnected food and retail space with the potential to further showcase the produce and talent of the people of Huon Valley and Tasmania.

The impressive entrance off Lymington Road, flanked by the protected waters of Gardners Bay, welcomes you to this imposing site of industrial charm, promising exceptional experience. Lovingly restored, the former apple canning cooperative is The Port Cygnet Cannery. In 2020, the Cannery, Cumulus Studio and Cygnet Brand Constructions won a Master Builders of Australia Award for Excellence for renovation/fit-out over $5 million.

Developed over a site with 2 freehold titles, and operated by a passionate local family for the past 3 years, their focus has now shifted, and they are selling the Port Cygnet Cannery site with 3 tenants occupying warehouse space, while the renovated site will be vacant as an opportunity for the new owners to capitalise upon.

With part of the renovated building currently licensed for a winery & cellar door, this development is a turn key operation for those looking for a flagship distillery, winery or brewery. With masterplans highlighting future opportunity to build accommodation into this site (STCA), the Port Cygnet Cannery presents as a generational asset to investors looking for a flexible high quality asset with unlimited scalability into the future.

The Restaurant - 600sqm approx - licensed 200 PAX

Focusing on sustainability and community this vast 600sqm space, has been cleverly fitout to create an intimate, warm and rustic atmosphere that celebrates local producers and in-turn reflecting the location of the site.

With seating currently for 150 people, this space could be expanded upon to take larger groups or be separated. With exposed timber cathedral ceilings, exposed hardwood beams and a central island bar and open kitchen complimented by a wood fired pizza oven, the useability of this space is flexible to seasoned restaurateurs.

- 2 x Custom slow combustion woodfires
- LED lighting
- Timber flooring
- Beer taps (plumbed to cool rooms)
- Woodfired oven
- Charcoal grill
- POS system
- Disabled access
- Toilet facilities

Commercial Kitchen -

Centrally located between the restaurant and the function space, this large purpose built facility can serve the restaurant and function area simultaneously, with multiple cool rooms, and cleverly designed spaces.

Function Space / Winery - 434sqm approx

Featuring a large open plan layout with a temperature controlled barrel room, this space has been used for functions and events. This space would also provide the flexibility to become a cellar door, or potential to divide into further retail tenancies. This area also contains a 2nd kitchen space, ready for fitout.

Outdoor Entertainment Space / Courtyard - 726sqm approx

Situated to the north of the restaurant is a walled courtyard accessed through large custom sliding doors, and beyond this is a large lawned area perfect for live music events, with a custom built bar overlooking the space.

Offices / Storage / 1st Floor -

The main building contains 2 separate offices and further storage rooms. The first floor offers further function or office space to be developed in the future as the flooring was reinforced during the renovation of the site.

The Processing Shed (two tenants) - 200sqm approx

- Artisanal coffee roaster - New 3 year lease in negotiation
- Tasmanian Biltong co. - 5 + 5 (started 2022)

The Big shed - 1215 sqm approx

Currently split, a local builder is the tenant (new lease in stages of finalisation) to part of this shed, with his workshop, storage and office space. The second half is used as a store for timber and other items belonging to the Port Cygnet Cannery.

The Tin shed - 150sqm approx

Parking - 63 spaces available for clients on concrete hardstand, with further parking opportunities for up to another 100 + vehicles.

Listed as Expressions of interest $4,500,000+

An information memorandum will be available to prospective purchasers upon enquiry.

MEDIA ENQUIRIES - Please contact Jeff Belbin for all media enquiries, requests for editorial or comment relating to the sale.

Disclaimer: The information has been received from historical documents and primary sources we believe to be reliable. Prospective purchasers are advised to carry out their own investigations to be comforted of their accuracy.

Property History for 60 Lymington Rd, Cygnet, TAS 7112

A timeline of how this property has performed in the market
Last Sold
$4,000,000
21 Mar 2025
  • 21 Mar 2025
    Sold for $4,000,000
  • 14 Mar 2023
    Listed for Sale EOI $4,500,000 + price range
  • 11 Feb 2015
    Sold for $550,000
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About Cygnet 7112

The size of Cygnet is approximately 57.5 square kilometres. It has 8 parks covering nearly 18.0% of total area. The population of Cygnet in 2016 was 1556 people. By 2021 the population was 1742 showing a population growth of 12.0% in the area during that time. The predominant age group in Cygnet is 10-19 years. Households in Cygnet are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cygnet work in a professional occupation.In 2021, 73.50% of the homes in Cygnet were owner-occupied compared with 71.10% in 2016.

Cygnet has 1,038 properties. Over the last 5 years, Houses in Cygnet have seen a 33.85% increase in median value, while Units have seen a 59.46% increase. As at 30 November 2025:

  • The median value for Houses in Cygnet is $655,138 while the median value for Units is $470,109.
  • Houses have a median rent of $490.
There are currently 19 properties listed for sale, and 3 properties listed for rent in Cygnet on OnTheHouse. According to Cotality's data, 57 properties were sold in the past 12 months in Cygnet.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.