59-63 Queen StreetSandy Bay TAS 7005
Property Details for 59-63 Queen St, Sandy Bay
59-63 Queen St, Sandy Bay is a 3 bedroom, 1 bathroom Unit and was built in 1880. The property has a land size of 866m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (May 2024)
Knight Frank are excited to offer for sale, this recently refurbished property providing fantastic scope to utilise for either residential or commercial use^.
Positioned on one title, these three newly renovated units are being sold with vacant possession, allowing for an astute purchaser to partially owner occupy and invest, invest, or further develop (STCA), capitalising on Hobarts low vacancy rate in the residential and office markets.
59-63 Queen Street is situated in the blue chip, residential suburb of Sandy Bay, adjoining the main commercial and hospitality precinct, with retailers, supermarkets, pubs and various high-quality eateries, providing convenience right on your doorstep.
The property sits on a substantial 858sqm* site, with the buildings varying in size and amenity, however all providing a versatile floor plan, with multiple partition rooms, newly renovated kitchens and bathrooms, all benefited by off-street parking.
This opportunity truly allows you to create a diversified mixed-use asset, with multiple potential income streams all within Hobart's most premium residential suburb.
For Sale by Expression of Interest, closing Thursday, 30 November 2023 at 4pm (AEDT).
*Approximate
^STCA
Property History for 59-63 Queen St, Sandy Bay, TAS 7005
- 01 Feb 2024Listed for Rent - Price not available
- 03 Nov 2023Listed for Sale Contact Agent
- 13 May 2023Sold for $1,260,000
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 5,858 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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