TBRDECEMBER19

12 Tasmanian Business Reporter - DECEMBER 2019
PROPERTY MATTERS
East Coast open for business
Scott Newton
Property Matters with
Knight Frank
In this month’s editorial, Knight Frank
Tasmania’s East Coast team, Adele Plunkett,
Leanne Dann, and Jim Playsted, review
the East Coast property market and
outlook
THE East Coast real estate
market continues to thrive
with consistent strong sales
numbers being achieved in
all areas for the third year in
a row.
A positive sign for those
involved in the industry has
been the marked improvement
for purchasing and sales
enquiries during the winter
months in 2018 and 2019.
The Tasmanian Government’s
Land Information
System Tasmania shows the
number of sales for the last
three financial years for the
Central East Coast region
from Buckland to Bicheno as
follows:
2016/17 – 336
2017/18 – 356
2018/19 – 296
The numbers show that the
2018/19 financial year was
lower than the previous two
financial years.
An explanation for this is
that the overall number of
listed properties for sale has
declined. Consequently, the
bonus for those selling is
that days on market for listed
properties has certainly
decreased.
A feature of 2018/19 has
been the launch of several
residential land developments
on the coast, for sale through
Knight Frank.
We currently represent
projects in Orford, Spring
Beach, Swansea and Coles
Bay, which are all clearing
well.
Driving around these
coastal towns it is pleasing to
see the number of new homes
being constructed, and local
builders are reporting that
they have a waiting list of up
to four years.
The award-winning viticulture
industry also continues
to prosper in the
temperate climate on the
coast, with a number of
rural holdings expanding
their plantations and new
vineyards being established
north and south of Swansea
by Websters and Gala.
Existing properties
Bicheno is at the centre of the thriving East Coast.
are also progressing to
putting in cellar door
establishments.
The Great Eastern Drive
takes you along the path of
the East Coast wine trail
which runs from Orford to
St Helens.
Noted events include the
Bay of Fires Winter Arts
Festival, the Great Eastern
Wine Weekend and the Bicheno
Food & Wine Festival,
which have all proven
to be very popular with visitors
and locals.
This in turn has helped
with employment in these
regional townships and has
given tourists another reason
to visit our beautiful
regional areas.
Timber and wool production
and fishing were the
main sources of income prior
to the turn of this century.
It is pleasing to see that
along with these industries
and the well-established
tourism market, the area is
diversifying with other ventures
including aquaculture,
which is doing very well
in the surrounding pristine
waters; a large walnut plantation,
which sells their crop
worldwide; and even a salt
manufacturing business has
been set up.
The East Coast is certainly
open for business and it
is great to see new ventures
happening and existing
premises being upgraded
and re-opened.
This is an exciting time
to be living in such a beautiful
part of Tasmania and
a great opportunity for
our children to be able to
stay and gain employment.
PROPERTY VIEW
December 2019
Cascade Hotel.
22 Cascade Road, South Hobart
For Sale by Expressions of Interest
CBD fringe - invest, develop or occupy.
207 Murray Street, Hobart.
For Sale by Expressions of Interest
2 titles- total land
area 3,007sqm*
Investment sale
Dual street
frontages.
This well known high profile hotel is located adjacent to St
Johns Hospital in South Hobart, 2kms (approx) from the
Hobart CBD with no direct hotel competition. Includes a
public bar, dining area, drive-in bottleshop, 4 apartments,
large manager’s apartment, Keno and Ubet facilities and
on-site parking for 50 vehicles.
Please note the business is not for sale.
John Blacklow: Knight Frank 0418 128 735
Rare opportunity.
*Approx
outline indicative
High traffic site
on Murray St
Land area: 672
sqm*
Existing income
stream
Located 700m from the CBD on a high traffic route, the
property has potential multiple income streams from
residential and storage uses, with upside in refurbishing the
heritage front cottage, and further development on land to
the rear (STCA).
SOLD
Matthew Wright: Knight Frank 0458 290 588
Ian Reed: Knight Frank 0419 670 501
Refurbished masterpiece.
*Approx
outline indicative
113-117 Albert Road, Moonah.
7 Campbell Street, Hobart.
For Sale by Expressions of Interest
For Sale by Expressions of Interest
High profile
location
Site Area: 1,333
sqm*
Zoned light
industrial
SOLD
Rare opportunity to purchase this flexible commercial
property situated in a prime, highly accessible service/
light industrial location, just off the Brooker Highway, and
only approximately 5 kilometres north of Hobart’s city
centre.
Richard Steedman: Knight Frank 0408 559 046
Ian Reed: Knight Frank 0419 670 501
*Approx
outline indicative
Stunning fitout
Potential for
short stay
2 secure car
parks
SOLD
Constructed circa 1885 the Old Mission church is one of
the last remaining structures of old Wapping, arguably
early Hobart town’s most colourful district. The property
comprises the main ground floor hall which has been
converted into high end gallery space.
Scott Newton: Knight Frank 0409 186 261
Hayden Peck: Knight Frank 0412 766 395
5 Victoria Street, Hobart 54 Cameron Street, Launceston 48-54 Oldaker Street, Devonport
P: 03 6220 6999 P: 03 6333 7888 P: 03 6424 3568