1703 Channel HighwayMargate TAS 7054
Property Details for 1703 Channel Hwy, Margate
Last Listing description (May 2023)
We have the pleasure of offering for sale two adjoining commercial sites fronting Channel Highway in the heart of Margate.
Combined, the properties offer genuine development upside in a strong growth catchment close to Hobart and sit directly opposite a large retail development currently underway.
Flexibility exists to proceed with an existing medical concept or undertake a more modest refurbishment of both buildings and lease independently providing a dual income model.
Recent external upgrades include rear carpark & DDA compliant access to proposed medical centre.
Can be sold together or as separate titles, on a vacant possession basis.
1703 Channel Highway
Land Area 956m Building 232m
DA approved Medical use
Presented as raw shell, fit out ready
1705 Channel Highway
Land Area 827m plus residence
Zoned Local Business
Complementary/standalone development
Expressions of Interest Close 30th November 2022.
Medical Concept Images Supplied by Preston Lane Architects
Virtual Tour 1703 https://www.youtube.com/watch?v=d9NS7Fx2rNE
Virtual Tour 1705 https://www.youtube.com/watch?v=a_b2fuNWpwU
Property History for 1703 Channel Hwy, Margate, TAS 7054
- 07 Mar 2023Listed for Sale SOLD
- 10 Feb 2023Sold for $1,250,000
- 05 Nov 2021Sold for $1,320,000
Recent sales nearby
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0About Margate 7054
The size of Margate is approximately 41.9 square kilometres. There are 9 parks, covering nearly 5.7% of the total area. The population of Margate in 2016 was 3920 people. By 2021 the population was 4239 showing a population growth of 8.1% in the area during that time. The predominant age group in Margate is 10-19 years. Households in Margate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation.In 2021, 82.60% of the homes in Margate were owner-occupied compared with 81.60% in 2016.
Margate has 1,804 properties. Over the last 5 years, Houses in Margate have seen a 32.01% increase in median value, while Units have seen a 23.98% increase. As at 30 June 2026:
- The median value for Houses in Margate is $900,045 while the median value for Units is $612,667.
- Houses have a median rent of $640 while Units have a median rent of $490.
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