SOLD
Sold on 27 Mar 2024 for $5,200,000

76-84 Gleadow Street
Invermay TAS 7248

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2799m2
Land area: 5843m2
Sold By
David Webster
KNIGHT FRANK LAUNCESTON
Rodney Rawlings
KNIGHT FRANK LAUNCESTON
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Property Details for 76-84 Gleadow St, Invermay

Building Type
Commercial
Floor Size
2799m2
Land Size
5843m2
Local Government
Launceston
Lot/Plan
3/39091

Last Listing description (February 2019)

Secure 7 Year Lease to 2023 plus options - Guaranteed by ASX-Listed Giant.
Harvey Norman s major distribution centre and click-&-collect facility for Tasmania s northern catchment.
Significant 5,843 sqm General Industrial Zone corner landholding.

Immaculate, modern 2,479 sqm warehouse plus 600 sqm canopy.
Strategically located off the East Tamar Highway, neighbours include Bunnings Warehouse, Officeworks, JB Hi-Fi and McDonald s.
Launceston: Tasmania s largest northern city with a growing trade catchment of over 140,000 people.
Tasmania: Booming economy with growth of 29.4% in dwelling construction and 6.2% in retail sales (62% above national average).
Estimated net rent at settlement: $229,123 pa
Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Property History for 76-84 Gleadow St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$5,200,000
27 Mar 2024
Listed for Rent
24 Mar 2016
  • 27 Mar 2024
    Sold for $5,200,000
  • 08 Nov 2018
    Listed for Sale Auction 12/12/18
  • 18 Apr 2016
    Sold for $3,150,000
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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.
There are currently 17 properties listed for sale, and 5 properties listed for rent in Invermay on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Invermay.

Suburb Insights for Invermay 7248

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.