4421 West Tamar RoadLaunceston TAS 7250
Property Details for 4421 West Tamar Rd, Launceston
Last Listing description (December 2016)
-Best value Freehold Motel in Tasmania, if not Australia, 24% ROI,
- Vary sought after, motel in this price bracket, with an excellent t/o of $611,000
- A1 presentation, upgraded with modern decor, in very good order
- Excellent location, on the West Tamar Highway at Beauty Point
- Showing 24% ROI, with an adjusted net est 2016 fy of $1171k
- Well equipped kitchen and impeccably presented restaurant
- Attractive gardens and in ground pool
- Vendor will consider leasehold, or sale of passive investment
Don't pass up this golden opportunity!
Ref#14051
Broker : Paul Scott
Phone:0477 771 098
To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/14051
THE PURCHASER TO MAKE HIS/HER 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.
Property History for 4421 West Tamar Rd, Launceston, TAS 7250
- 12 Feb 2016Listed for Sale $699,000 offers over
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About Launceston 7250
The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of total area. The population of Launceston in 2011 was 2,897 people. By 2016 the population was 2,929 showing a population growth of 1.1% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation. In 2011, 47% of the homes in Launceston were owner-occupied compared with 48.2% in 2016.
Launceston has 3,722 properties. Over the last 5 years, Houses in Launceston have seen a 53.73% increase in median value, while Units have seen a 42.25% increase. As at 31 October 2024:
- The median value for Houses in Launceston is $734,272 while the median value for Units is $497,284.
- Houses have a median rent of $480 while Units have a median rent of $430.
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