515 Sandy Bay RoadSandy Bay TAS 7005
Property Details for 515 Sandy Bay Rd, Sandy Bay
Last Listing description (April 2026)
Positioned on Sandy Bay Road, this well-presented tenancy is currently operating as a hairdressing salon and presents an outstanding opportunity for an incoming operator to capitalise on an existing quality fit-out, strong exposure and established retail area.
The tenancy offers a light-filled, open-plan layout with excellent street frontage and signage potential. The current configuration is highly functional for hair and beauty use, however the adaptable layout would also suit allied health, consulting, boutique retail or office use (STCA).
Surrounded by a mix of established retailers, hospitality operators and service-based businesses, the property benefits from consistent foot traffic and proximity to the Sandy Bay shopping precinct, University of Tasmania and affluent residential catchment.
Key features include:
• High exposure Sandy Bay Road frontage
• Quality existing salon fit-out
• Flexible open-plan layout
• Strong surrounding amenity
• Suitable for retail, beauty, medical or consulting (STCA)
An excellent opportunity to secure a presence in one of Hobart's most prestigious areas.
Property History for 515 Sandy Bay Rd, Sandy Bay, TAS 7005
- 04 Mar 2026Listed for Rent $31,500 / year
- 03 Sep 2012Sold for $320,000
- 10 Aug 2012Listed for Sale 345000
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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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