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Elders Real Estate - Hobart

139 Main Road Sorell, TAS 7172

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139 Main Road,
Sorell, TAS 7172

Development Sites & Land • Warehouse, Factory & Industrial • Shops & Retail

Detailed listing

Key property information

Land area

Floor area

Zoning

Tenure type

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Elders Real Estate - Hobart
Richard Steedman
George Burbury

Elders Real Estate - Hobart

5 Victoria Street
HOBART, TAS 7000
Elders Real Estate - Hobart
139 Main Road
Sorell, TAS 7172

Detailed listing

Map of 139 Main Road

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Sorell Gateway Site – One of Tasmania’s Best Landbank Opportunities

  • Multiple development options
  • Significant holding income
  • Strategically located site
Elders Commercial presents a rare opportunity to secure a high-profile 3.212 ha site* at the gateway to Sorell, one of Tasmania’s fastest-growing regions. With significant frontage to Main Road, a major arterial route forming part of the Tasman Highway, the site enjoys strong passing traffic and exceptional exposure.

Partly zoned "Light Industrial" and partly "General Residential", the property offers flexibility for various commercial, industrial and residential uses**. A solid holding income provides immediate returns, while the large undeveloped portion presents options for staged development or long-term land banking in this tightly held and rapidly growing locality.

Key Investment Highlights;
• Substantial and level 3.212 ha site* with a significant 82m* frontage to Main Road (Tasman Highway).
• Flexible "Light Industrial" and "General Residential" zoning allows for a variety of commercial, industrial and residential uses**.
• Rare opportunity to secure a large, strategically located site in a rapidly developing region.
• Multiple development options – undertake a staged approach or masterplan for future large-scale development.
• Strong demand for services in Sorell, supported by population growth and recent arterial road upgrades.
• Significant holding income from multiple tenants

Please contact Richard Steedman or George Burbury to discuss further or to arrange an inspection.

*Approximate **STCA ***Before owner outgoings

Sorell, 7172 demographic data

The median household income for Sorell is $1,317, 15% lower than Greater Hobart's household income of $1,542. Sorell has an older age profile compared to the rest of Greater Hobart (median age 41 vs 39). Property ownership data shows 50% of property owners in Sorell have a mortgage.

3,597
Population
$1,317 per week
Median household income
41 years
Median age
Owners
Most residents
Families
Most households

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