249 Sandy Bay RoadSandy Bay TAS 7005
Property Details for 249 Sandy Bay Rd, Sandy Bay
249 Sandy Bay Rd, Sandy Bay is a 4 bedroom, 2 bathroom Unit with 5 parking spaces and was built in 1915. The property has a land size of 235m2 and floor size of 194m2. While the property is not currently for sale or for rent, it was last sold in September 2002.
Last Listing description (October 2019)
2 x 2 Bedroom Units General Business Zoning Multiple Car Parks on Site!
A fantastic investment opportunity 2 strata title units in a 1915 Edwardian style building - right in the heart of the Sandy Bay Business & Shopping Precinct Near Magnet Court & adjacent to Coles Supermarket & Sandy Bay McDonalds Restaurant.
Accommodation suitable for residential or business Unit 3 - (Upstairs), comprises, entry hall, living room and 2 bedrooms (or 3 main professional rooms), kitchen, bathroom / laundry & powder room + balcony. Floor area 121m2 2 x on-site car parks. Current Use - Residential - Rental - $20,760 per annum.
The properties are offered with existing leases of residential use and represents an ideal opportunity via acquisition to continue to generate an excellent income stream from the current residential use or convert to a general business or mix of residential / commercial use.
An investment in these units offers scope, subject to any relevant statutory requirements, to conduct a business with the convenience of a separate residence on site. Permitted uses under the scheme, Business & Professional Services, Food Services, General Hire & Retail. 5 on-site car parks a premium feature of these 2 Strata Title properties in this prime Sandy Bay General Business Precinct.
An enviable investment & lifestyle opportunity, Sandy Bay Shopping on your doorstep, walk the waterfront precinct near the Royal Yacht Club of Tasmania, a short stroll to Battery Point including schools and UTAS. Minutes to Hobart CBD.
Your inspection is welcome - competitive bids invited.
Clear Instructions to Sell- Selling by Auction Sat 12th October 2019 12 Noon on site.
Property History for 249 Sandy Bay Rd, Sandy Bay, TAS 7005
- 12 Sep 2019Listed for Sale Not Disclosed
- 17 Sep 2002Sold for $200,000
- 11 Jan 1990Sold for $240,000
Recent sales nearby
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About 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 5,857 properties. Over the last 5 years, Houses in Sandy Bay have seen a 7.64% increase in median value, while Units have seen a 20.48% increase. As at 31 March 2026:
- The median value for Houses in Sandy Bay is $1,268,405 while the median value for Units is $699,351.
- Houses have a median rent of $770 while Units have a median rent of $515.
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