260 Sandy Bay Road, Sandy Bay, TAS 7005 | Property Value & History | OnTheHouse
 
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260 Sandy Bay Road
Sandy Bay TAS 7005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2102m2
Land area: 4064m2
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Property Details for 260 Sandy Bay Rd, Sandy Bay

Building Type
Commercial
Year Built
1970
Floor Size
2102m2
Land Size
4064m2
Local Government
Hobart
Lot/Plan
1/249552

Last Listing description (May 2018)

Tasmania's most prestigious suburb and catchment
Average sales growth of 5.44% pa up until 2017 upgrade
Recent $2.1 million upgrade, set for further sales and rental growth

Secure 10+ year lease plus 10 year option through Dec 2038
Coles: Wholly owned subsidiary of Wesfarmers Limited, ASX listed giant with Market Capitalisation of $46.2 billion
Proven trader: Sales constantly above turnover threshold and growing at an average of 5.44% pa since 2013
Base and percentage rent consolidation every 5 years, next due December 2018
Significant 2,729 sqm store, upgraded in summer 2017/18 to Coles requirements
Strategic 4,065 sqm corner site with 100 on-site car spaces and seamless integration to adjoining McDonald s car park
Located in Tasmania s most prestigious catchment of Battery Point and Sandy Bay, adjoining the Hobart CBD
Important homebound side location within Sandy Bay's retail village
Substantial capital allowance and depreciation tax benefits
Net passing income: $728,000 pa (actual December 2017)
Forecast net income: $787,000 pa (December 2018)

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Property History for 260 Sandy Bay Rd, Sandy Bay, TAS 7005

A timeline of how this property has performed in the market
Last Sold
$17,500,000
23 Jul 2021
  • 23 Jul 2021
    Sold for $17,500,000
  • 22 Feb 2018
    Listed for Sale Expressions of interest closing 22 March 2018
  • 16 Apr 2009
    Sold for $7,090,000
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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 5,852 properties. Over the last 5 years, Houses in Sandy Bay have seen a 18.77% increase in median value, while Units have seen a 20.40% increase. As at 31 December 2025:

  • The median value for Houses in Sandy Bay is $1,304,733 while the median value for Units is $691,289.
  • Houses have a median rent of $623 while Units have a median rent of $500.
There are currently 12 properties listed for sale, and 14 properties listed for rent in Sandy bay on OnTheHouse. According to Cotality's data, 248 properties were sold in the past 12 months in Sandy bay.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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