52 Invermay RoadInvermay TAS 7248
Property Details for 52 Invermay Rd, Invermay
Last Listing description (April 2024)
This magnificent Inter-war Art Deco/Functionalist building, Circa 1938, is being offered for sale for the first time in decades. Listed in the Post Office Directory in 1940 as the Launceston Bank for Savings with KR Westbrook as Manager. This would have to be one of Invermay's most recognisable landmarks for a generation of Launcestonians and is one of the many works designed by Roy Smith & Hubert S East prominent architects back in the day in Launceston.
Externally the building is in excellent shape with a low maintenance colorbond roof and professionally painted only a couple of months ago. The title includes five car spaces. Zoned 'Inner Residential', the ground floor portion of the property has also been utilised variously as a Pharmacy, Post Office and more recently as retail space but is offered for sale with vacant possession due to the retirement of the current tenants. The space is mainly open plan with a storeroom, kitchenette and bathroom/disabled toilet and 2 entrances including flat, disabled-friendly access. The location is brilliant from a profile perspective and offers an owner-occupier a completely blank canvas to configure any number of office/retail layouts. Upstairs is a very tidy 2-3 bedroom unit with entry via an external staircase currently leased until the end of April 2024.
The Invermay-Inveresk Precinct is continuously on the rise, and we believe this is a great alternative for a business currently paying rent to purchase, relocate and utilize the income from the unit to offset overheads.
52 Invermay Road at a glance:
Magnificent Inter-war Art Deco building circa 1938
Commercial space downstairs with toilet, kitchen and storage
Separate 2-3 bedroom unit upstairs
Title includes five car spaces
Brilliant location, zoned 'Inner Residential'
"Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only."
Property History for 52 Invermay Rd, Invermay, TAS 7248
- 12 Feb 2024Sold for $775,000
- 06 Dec 2023Listed for Sale Offers Over $795,000
- 24 Jun 2019Listed for Rent - Price not available
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About Invermay 7248
The size of Invermay is approximately 4.1 square kilometres. It has 9 parks covering nearly 21.5% of total area. The population of Invermay in 2011 was 3,086 people. By 2016 the population was 3,049 showing a population decline of 1.2% in the area during that time. The predominant age group in Invermay is 20-29 years. Households in Invermay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Invermay work in a professional occupation. In 2011, 48.4% of the homes in Invermay were owner-occupied compared with 44% in 2016.
Invermay has 2,050 properties. Over the last 5 years, Houses in Invermay have seen a 58.03% increase in median value, while Units have seen a 46.49% increase. As at 31 October 2024:
- The median value for Houses in Invermay is $481,704 while the median value for Units is $469,721.
- Houses have a median rent of $450 while Units have a median rent of $445.
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