89 Club DriveShearwater TAS 7307
Property Details for 89 Club Dr, Shearwater
Last Listing description (May 2014)
Fantastic Investment
This fantastic investment opportunity is situated in the developing Shearwater area of North West Tasmania. The property is home to Stepping Stones Child Care who are currently on a long term lease expiring in Feb 2021. Beyond this the tenant has another five (5) year option.
Shearwater is currently undergoing rapid development with a proposed Woolworths shopping complex having been approved. Additionally the area is one of Tasmania's fastest growing suburbs and is home to many young families with children. The are has its own primary school and is a wonderful area for families with beaches and parkland..
Showing approx 9.5% nett return on asking price
Statewide child care centre Stepping Stones as tenant
Lease till 2021
Five year option beyond current lease
Annual increases to CPI
Approx 280m2 modern building
Depreciation colud apply due to age of property
Property History for 89 Club Dr, Shearwater, TAS 7307
- 18 Nov 2011Listed for Sale $980,000
- 30 May 2010Listed for Sale $1,350,000
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About Shearwater 7307
The size of Shearwater is approximately 3.6 square kilometres. There are 8 parks, covering nearly 30.5% of the total area. The population of Shearwater in 2016 was 1764 people. By 2021 the population was 2051 showing a population growth of 16.3% in the area during that time. The predominant age group in Shearwater is 60-69 years. Households in Shearwater are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Shearwater work in a professional occupation.In 2021, 76.20% of the homes in Shearwater were owner-occupied compared with 68.80% in 2016.
Shearwater has 1,414 properties. Over the last 5 years, Houses in Shearwater have seen a 56.39% increase in median value, while Units have seen a 65.05% increase. As at 30 June 2026:
- The median value for Houses in Shearwater is $822,512 while the median value for Units is $566,633.
- Houses have a median rent of $560 while Units have a median rent of $493.
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