OFF MARKET

85A-87 Gilbert Street
Latrobe TAS 7307

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 107m2
Land area: 3194m2
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Property Details for 85a-87 Gilbert St, Latrobe

Building Type
Commercial
Year Built
1890
Floor Size
107m2
Land Size
3194m2
Local Government
Latrobe
Lot/Plan
1/251596

Last Listing description (February 2024)

Positioned on the northern side of Latrobe's bustling Gilbert Street, this commercial space presents a versatile option for a range of retailers, with the opportunity to capitilise on it's premium location as neighbour to Banjo''s Bakery, and opposite the Hill Street IGA Supermarket complex.

Comprised of open plan retail, office, store rooms, kitchen and bathroom, the property offers a total floor area of 151sqm. The site is secured by an alarm system and heated cooled by both a reverse-cycle air conditioner as well as ceiling fans.

The space is neat and tidy, features large glass panel frontage allowing good natural light as well as offering marketing/display benefits, and presents a competitively priced leasing option in a fantastic position. Zoning is General Business.

Gilbert Street, Latrobe, is a high-demand leasing area and this presents as one of the highest profile positions, with signifigant daily foot traffic passing by owing to the adjacent Banjo's Bakery, newsagent sitting opposite, Subway, Hill Street IGA complex and a mix of other strong local retailers. The area further benefits from free parking throughout the municipality.

The site is available from December 1st, with preference to long-term lease terms given.

Rent is $22,650 p.a. plus GST and outgoings (approx. $3.500 p.a.).

Contact Colin Rowlands for all enquiries or to arrange an inspection.

Property History for 85a-87 Gilbert St, Latrobe, TAS 7307

A timeline of how this property has performed in the market
Last Sold
$210,000
22 Jun 2007
  • 28 Oct 2023
    Listed for Rent $22,000 / year
  • 22 Jun 2007
    Sold for $210,000
  • 04 Sep 2002
    Sold for $87,000
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About Latrobe 7307

The size of Latrobe is approximately 62.8 square kilometres. It has 12 parks covering nearly 7.1% of total area. The population of Latrobe in 2011 was 3,897 people. By 2016 the population was 4,155 showing a population growth of 6.6% in the area during that time. The predominant age group in Latrobe is 60-69 years. Households in Latrobe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Latrobe work in a trades occupation. In 2011, 69.1% of the homes in Latrobe were owner-occupied compared with 68.2% in 2016.

Latrobe has 2,742 properties. Over the last 5 years, Houses in Latrobe have seen a 79.51% increase in median value, while Units have seen a 70.36% increase. As at 31 October 2024:

  • The median value for Houses in Latrobe is $534,481 while the median value for Units is $432,190.
  • Houses have a median rent of $460 while Units have a median rent of $420.
There are currently 33 properties listed for sale, and 1 property listed for rent in Latrobe on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Latrobe.

Suburb Insights for Latrobe 7307

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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.