124A Hobart RoadKings Meadows TAS 7249
Property Details for 124a Hobart Rd, Kings Meadows
Last Listing description (July 2023)
Introducing an exceptional commercial investment opportunity in the heart of the highly sought-after Kings Meadows shopping precinct. This entry-level investment property is perfectly positioned along Hobart Road, right in the bustling retail strip of one of Launceston's busiest shopping areas.
Currently leased until early 2025 with a further 5 year option, this property offers a stable income stream with a long-term tenant. Bento, a trusted and established business, which has been successfully operating in this space for over a decade, showcasing their commitment and confidence in the location.
With immense exposure to a high volume of car & foot traffic, this property ensures maximum visibility for your investment. Surrounding this prime location are a host of reputable and quality neighboring businesses, further enhancing the appeal and potential success of your investment.
Whether you are a seasoned investor looking to expand your portfolio or a newcomer seeking an entry into the commercial market, this property presents a fantastic opportunity. Don't miss out on the chance to secure a prime position in the thriving Kings Meadows shopping precinct.
Contact us today to arrange a viewing and capitalise on this excellent commercial investment.
Property History for 124a Hobart Rd, Kings Meadows, TAS 7249
- 08 Jun 2023Sold for $310,000
- 07 Jun 2023Listed for Sale UNDER CONTRACT
- 04 Feb 2004Sold for $144,000
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/uoubmi5xfai63mekk4zladl6ey?signature=5963ae07acc43cd63b619e12787dc29430a93d596542edf47372590371647b3a){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 2,310 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.
Suburb Insights for Kings Meadows 7249
Market Insights
Kings Meadows Trends for Houses
N/A
N/A
View TrendN/A
N/A
Kings Meadows Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
