OFF MARKET

369-371 Invermay Road
Mowbray TAS 7248

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 178m2
Land area: 823m2
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Property Details for 369-371 Invermay Rd, Mowbray

Building Type
Commercial
Year Built
1993
Floor Size
178m2
Land Size
823m2
Local Government
Launceston
Lot/Plan
1/144554

Last Listing description (October 2022)

Situated at the entrance to Mowbray's popular shopping strip, sits this stand alone food services facility right next to KFC. The building itself is approx. 200m2 and features full canopy and stainless splash backs, cool rooms, freezers, wash troughs and grease trap, perfect for experienced F&B operators.

Features include:

- Ample parking at rear
- High profile location right next door to KFC
- Mowbray: home to Woolworths, Coles, Target, Chemist Warehouse, major banks and more
- Grease trap already in-situ

A rare chance to secure a quality food premises with a high level of expensive base build infrastructure in-situ.

For further details contact Blake Shepherd.

Property History for 369-371 Invermay Rd, Mowbray, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$725,000
20 Mar 2022
Listed for Rent
$1.11k/w
05 Oct 2022
  • 12 Sep 2022
    Listed for Rent - Price not available
  • 20 Mar 2022
    Sold for $725,000
  • 17 Nov 2016
    Listed for Rent $27,000 / year
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About Mowbray 7248

The size of Mowbray is approximately 9.4 square kilometres. It has 12 parks covering nearly 15.5% of total area. The population of Mowbray in 2011 was 3,751 people. By 2016 the population was 3,747 showing a population decline of 0.1% in the area during that time. The predominant age group in Mowbray is 20-29 years. Households in Mowbray are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mowbray work in a labourer occupation. In 2011, 51.6% of the homes in Mowbray were owner-occupied compared with 47.9% in 2016.

Mowbray has 1,881 properties. Over the last 5 years, Houses in Mowbray have seen a 56.76% increase in median value, while Units have seen a 60.35% increase. As at 31 October 2024:

  • The median value for Houses in Mowbray is $428,503 while the median value for Units is $350,006.
  • Houses have a median rent of $445 while Units have a median rent of $400.
There are currently 21 properties listed for sale, and 1 property listed for rent in Mowbray on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Mowbray.

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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.