Property Details for 5 Cole St, Sorell
Last Listing description (March 2026)
Substantial Land Holding in Major Growth Corridor
Raine & Horne Commercial is pleased to offer for sale 3 Weston Hill Road and 5 Cole Street, Sorell. Two strategically positioned allotments comprising 14,629 sqm (approx.) within one of Southern Tasmania's fastest growing regional centres.
Comprising two well-located sites within Sorell's established commercial and retail precinct, the properties present flexible development and investment opportunities in a municipality experiencing sustained population growth and increasing commercial demand.
Sorell continues to strengthen as the dominant service and retail hub for the South-East region, underpinned by ongoing residential expansion, significant tourism traffic to the East Coast and Tasman Peninsula, and continued infrastructure investment. Opportunities to secure vacant, strategically positioned commercial land within the town centre and surrounding precincts are increasingly limited, reinforcing strong long-term land value fundamentals.
Key features include:
Approximately 25 minutes from the Hobart CBD via the Tasman Highway and 15 minutes from Hobart International Airport.
Located within Sorell's expanding commercial hub, supported by major national retailers and essential services.
Strong exposure to both local population growth and high-volume tourism traffic enroute to the East Coast.
Proximity to established operators including Woolworths, Coles, Mitre 10 and other national brands anchoring the precinct.
Opportunity for owner-occupiers, investors or developers to secure a foothold in a high-growth regional centre.
Property History for 5 Cole St, Sorell, TAS 7172
- 19 Mar 2026Listed for Sale Expressions of Interest Under Review
- 02 Jun 2017Sold - Price Undisclosed
- 09 May 2017Listed for Sale Offers Over $230,000
Recent sales nearby
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0About Sorell 7172
The size of Sorell is approximately 22.0 square kilometres. It has 8 parks covering nearly 3.4% of total area. The population of Sorell in 2016 was 2907 people. By 2021 the population was 3597 showing a population growth of 23.7% in the area during that time. The predominant age group in Sorell is 30-39 years. Households in Sorell are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sorell work in a clerical occupation.In 2021, 70.60% of the homes in Sorell were owner-occupied compared with 71.10% in 2016.
Sorell has 2,391 properties. Over the last 5 years, Houses in Sorell have seen a 36.50% increase in median value, while Units have seen a 37.13% increase. As at 31 March 2026:
- The median value for Houses in Sorell is $737,246 while the median value for Units is $527,897.
- Houses have a median rent of $605 while Units have a median rent of $485.
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