147 Sandy Bay RoadSandy Bay TAS 7005
Property Details for 147 Sandy Bay Rd, Sandy Bay
Last Listing description (May 2025)
RWC Tasmania is excited to offer for sale, for the first time in over 15 years, this quality owner-occupier or investor opportunity, located in the heart of Sandy Bay's prestigious "Golden Mile."
This high calibre property is located on the corner of Sandy Bay Road and Queen Street, within the heart of Sandy Bay's tightly held commercial precinct, surrounded by established and well known brands including Coles, Woolworths, United Petroleum, Viva Energy, Zambrero, Chemist Warehouse, Banjos, just to name a few.
The building has a gross area of 280 sqm*, comprising three tenancies, each equipped with a kitchenette and essential amenities. The site also benefits from seven (7) on-title off-street car parks and an expansive upstairs deck with all day sun.
The site is zoned 'General Business,' offering a diverse range of potential uses^, with a net passing holding income of $66,402* from two of the tenancies.
Given the scarcity of owner-occupier stock, flexible lease structures, on-site parking, and the high profile location, this asset presents a unique opportunity that should be seriously considered by all potential buyers, as properties of this quality are rarely available in the open market.
The property is available for sale via Expressions of Interest, with submissions closing Thursday, 1st May 2025 at 4pm (AEST).
*Approx
^Subject to Council approval
Property History for 147 Sandy Bay Rd, Sandy Bay, TAS 7005
- 07 May 2025Sold for $1,900,000
- 19 Mar 2025Listed for Sale Contact agent
- 26 Nov 2024Listed for Rent $22,000 / year
Recent sales nearby
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0About Sandy Bay 7005
The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23.0% of total area. The population of Sandy Bay in 2016 was 11927 people. By 2021 the population was 12315 showing a population growth of 3.2% in the area during that time. The predominant age group in Sandy Bay is 20-29 years. Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation.In 2021, 62.10% of the homes in Sandy Bay were owner-occupied compared with 61.50% in 2016.
Sandy Bay has 5,853 properties. Over the last 5 years, Houses in Sandy Bay have seen a 6.86% increase in median value, while Units have seen a 20.72% increase. As at 28 February 2026:
- The median value for Houses in Sandy Bay is $1,252,683 while the median value for Units is $704,581.
- Houses have a median rent of $633 while Units have a median rent of $520.
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