OFF MARKET

6 Mertonvale Circuit
Kingston TAS 7050

Bedrooms: -
Bathrooms: -
Car spaces: 13
Floor area: 469m2
Land area: 1948m2
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Property Details for 6 Mertonvale Cct, Kingston

Building Type
Commercial
Year Built
1990
Floor Size
469m2
Land Size
1948m2
Local Government
Kingborough
Lot/Plan
1/140736

Last Listing description (June 2022)

Raine & Horne Commercial is delighted to offer for sale a prized investment opportunity in one of Southern Tasmania's most in demand and tightly held commercial locations. Features include;

A premium, high profile position within Mertonvale Circuit, an established and highly regarded commercial estate on the outskirts of the Kingston CBD. Mertonvale Circuit and the immediate surrounds are the dominant precinct for bulky goods style occupiers in Greater Kingston, where growth is surging and land for new commercial-industrial development is limited

Over 44 metres frontage to Channel Highway

Adjoins the Harvey Norman Clearance Centre, with numerous leading national businesses nearby including Bunnings Kingston

Impressive showroom & warehouse complex (527m approx) with 13 sealed and marked car parks plus surplus land for expansion (STCA). Suited to many alternative
occupiers at lease end

Over 4 years remaining lease term to a longstanding tenant aligned with progressive retail floor coverings group Choices Flooring. Rental $84,000 per annum + outgoings & GST, with rent review to CPI (Hobart) due 1st June 2022

Property History for 6 Mertonvale Cct, Kingston, TAS 7050

A timeline of how this property has performed in the market
Last Sold
$1,775,000
13 Apr 2022
  • 13 Apr 2022
    Sold for $1,775,000
  • 23 Nov 2021
    Listed for Sale Contact Agent
  • 04 Feb 2019
    Listed for Sale Business for sale by way of offer
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About Kingston 7050

The size of Kingston is approximately 37.3 square kilometres. It has 29 parks covering nearly 8.9% of total area. The population of Kingston in 2011 was 9,759 people. By 2016 the population was 10,400 showing a population growth of 6.6% in the area during that time. The predominant age group in Kingston is 0-9 years. Households in Kingston are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kingston work in a professional occupation. In 2011, 69.2% of the homes in Kingston were owner-occupied compared with 67.3% in 2016.

Kingston has 6,063 properties. Over the last 5 years, Houses in Kingston have seen a 43.57% increase in median value, while Units have seen a 44.06% increase. As at 31 October 2024:

  • The median value for Houses in Kingston is $727,543 while the median value for Units is $563,098.
  • Houses have a median rent of $595 while Units have a median rent of $495.
There are currently 33 properties listed for sale, and 11 properties listed for rent in Kingston on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Kingston.

Suburb Insights for Kingston 7050

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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.