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Sold on 22 May 2024 - Price Unavailable

118 Hobart Road
Kings Meadows TAS 7249

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 233m2
Land area: 621m2
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Property Details for 118 Hobart Rd, Kings Meadows

Building Type
Commercial
Year Built
1978
Floor Size
233m2
Land Size
621m2
Local Government
Launceston
Lot/Plan
0/154869

Last Listing description (July 2024)

Explore this exclusive commercial investment opportunity!

Unleash your creativity by owning a commercial property ripe for transformation. Currently trading as Gavin Kelly's Menswear circa 2000.

Featuring prime main road frontage and a central location, this shop offers endless possibilities pending council approval. Whether you envision it as a retail operation, office, food outlet or any usage for that matter. The General Business zoning opens doors to diverse ventures.

Excellent presentation with modern led lights in the store. Convenient access from both Hobart Road and the rear car park enhances its appeal, the owner has operated a highly success business for almost 24 years.

New owners have the flexibility to utilize the shop for their own business or capitalize on rental income by leasing it out.

The sky's the limit for savvy investors looking to make their mark.

Current Outgoings (approx)

Water rates $856.00 per annum

Land tax $814.77 per annum

Council rates $1,991.74 per annum

Insurance $1,050.61 per annum

Building size approx 83.2 m2

Floor size approx. 66 m2

An inspection of this low-maintenance investment is highly recommended.

Please call Praveen Pant on 0432 256 682 or Paul Scott on 0477 771 098 or email pauls@tasbps.com.au/ praveenp@tasbps.com.au

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.

Property Code: 1522

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Property History for 118 Hobart Rd, Kings Meadows, TAS 7249

A timeline of how this property has performed in the market
Last Sold
22 May 2024
Listed for Rent
16 May 2024
  • 22 May 2024
    Sold
  • 16 May 2024
    Listed for Rent $26,071 / year
  • 15 Feb 2024
    Listed for Sale O/O $429,000
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About Kings Meadows 7249

The size of Kings Meadows is approximately 5 square kilometres. It has 8 parks covering nearly 20.2% of total area. The population of Kings Meadows in 2011 was 3,371 people. By 2016 the population was 3,684 showing a population growth of 9.3% in the area during that time. The predominant age group in Kings Meadows is 20-29 years. Households in Kings Meadows are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kings Meadows work in a professional occupation. In 2011, 63.9% of the homes in Kings Meadows were owner-occupied compared with 64.6% in 2016.

Kings Meadows has 2,313 properties. Over the last 5 years, Houses in Kings Meadows have seen a 59.52% increase in median value, while Units have seen a 56.27% increase. As at 31 October 2024:

  • The median value for Houses in Kings Meadows is $513,988 while the median value for Units is $396,208.
  • Houses have a median rent of $470 while Units have a median rent of $450.
There are currently 21 properties listed for sale, and 4 properties listed for rent in Kings meadows on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Kings meadows.

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