OFF MARKET

225-227 Westbury Road
Prospect TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3789m2
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Property Details for 225-227 Westbury Rd, Prospect

Building Type
Commercial
Land Size
3789m2
Local Government
Launceston
Lot/Plan
1/26479

Last Listing description (January 2020)

This key Prospect tenancy certainly ticks all the boxes. Conveniently located upon one of Prospects busiest consumer ant trails with the potential of consistent custom an absolute given. Recently the home to the multi National ANZ Banking group the site has it all towards delivering complete upside.

. Exposure the key here, exceptional

. Upon one of Launceston's major growth corridors
. Immense signage potential
. Exclusivity to 5 onsite car parks
. Huge on site customer car park
. Professional Services, Retail, Food and Sport all possibilities STCA

Well suited to multiple uses under the 'Local Business' zoning overlay while conveniently positioned beside one of Tasmania's most successful IGA supermarkets and suburban Hotel and Hospitality groups.

Contact the agent Marcus Douglas for an inspection

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Property History for 225-227 Westbury Rd, Prospect, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,700,000
17 Nov 2005
Listed for Rent
10 Jan 2020
  • 22 Apr 2019
    Listed for Rent - Price not available
  • 27 Dec 2018
    Listed for Rent - Price not available
  • 04 Sep 2018
    Listed for Rent - Price not available
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About Prospect 7250

The size of Prospect is approximately 6.6 square kilometres. It has 9 parks covering nearly 19.4% of total area. The population of Prospect in 2011 was 1,438 people. By 2016 the population was 1,710 showing a population growth of 18.9% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 66.7% of the homes in Prospect were owner-occupied compared with 63.7% in 2016.

Prospect has 1,007 properties. Over the last 5 years, Houses in Prospect have seen a 71.68% increase in median value, while Units have seen a 45.97% increase. As at 31 October 2024:

  • The median value for Houses in Prospect is $564,311 while the median value for Units is $408,957.
  • Houses have a median rent of $495 while Units have a median rent of $393.
There are currently 8 properties listed for sale, and 3 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Prospect.

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