1/481 Main RoadMontrose TAS 7010
Property Details for 1/481 Main Rd, Montrose
Last Listing description (May 2017)
Land area: 747sqm approx.
Workshop area: 428sqm approx.
Off-street parking and showroom/offices over two levels
Excellent street exposure
National tenant since 2014, just renewed a 2 year option plus further options
$47,000 net rent approx. showing a 7% return
Popular retail strip on the Main Road
Property History for 1/481 Main Rd, Montrose, TAS 7010
- 23 May 2024Sold for $1,150,000
- 28 Jun 2016Sold for $645,000
- 22 Jun 2016Listed for Sale Offers around $650,000
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0About Montrose 7010
The size of Montrose is approximately 2.9 square kilometres. It has 6 parks covering nearly 2.2% of total area. The population of Montrose in 2011 was 2,002 people. By 2016 the population was 2,168 showing a population growth of 8.3% in the area during that time. The predominant age group in Montrose is 50-59 years. Households in Montrose are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Montrose work in a clerical occupation. In 2011, 71.8% of the homes in Montrose were owner-occupied compared with 70.8% in 2016.
Montrose has 1,114 properties. Over the last 5 years, Houses in Montrose have seen a 41.19% increase in median value, while Units have seen a 49.77% increase. As at 30 November 2024:
- The median value for Houses in Montrose is $589,110 while the median value for Units is $445,610.
- Houses have a median rent of $495 while Units have a median rent of $430.
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