1A Franklin StreetSwansea TAS 7190
Property Details for 1a Franklin St, Swansea
Last Listing description (May 2017)
This quality beachside property was constructed in 1988 and is located in the popular town of Swansea on Tasmania's beautiful East Coast.
The three levels of accommodation provide panoramic views over Great Oyster Bay and the Freycinet Peninsular.
Includes 28 suites, reception and office, dining room and bar, bottleshop, managers residence, commercial and guest laundries, and large on-site carpark on 1999 square metres.
The property can easily be strata titled and has had the one original owner for 26 years who is now retiring.
Never before has Tasmania experienced such a high profile with a number of recent international awards and outstanding accolades. A major tourism boom has just commenced so there is no better time to acquire an accommodation property before prices ultimately increase.
With a low occupancy rate this property has tremendous upside-would ideally suit experienced owner/operators.
Property History for 1a Franklin St, Swansea, TAS 7190
- 05 Oct 2021Sold for $2,400,000
- 03 Dec 2014Listed for Sale Freehold & Business - $2 Million (plus stock)
- 18 Jun 2007Sold for $70,000
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About Swansea 7190
The size of Swansea is approximately 245.4 square kilometres. There are 17 parks, covering nearly 6.8% of the total area. The population of Swansea in 2016 was 866 people. By 2021 the population was 997 showing a population growth of 15.1% in the area during that time. The predominant age group in Swansea is 60-69 years. Households in Swansea are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Swansea work in a managers occupation.In 2021, 75.80% of the homes in Swansea were owner-occupied compared with 70.40% in 2016.
Swansea has 1,039 properties. Over the last 5 years, Houses in Swansea have seen a 15.77% increase in median value, while Units have seen a 10.79% increase. As at 31 July 2026:
- The median value for Houses in Swansea is $610,219 while the median value for Units is $448,782.
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