OFF MARKET

6/209 Westbury Road
Prospect TAS 7250

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 72m2
Land area: 72m2
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Property Details for 6/209 Westbury Rd, Prospect

Building Type
Commercial
Floor Size
72m2
Land Size
72m2
Local Government
Launceston

Last Listing description (May 2013)

Entry level investment to be auctioned
This strata shop in the Olde Tudor Shopping Complex is an excellent starter to any commercial portfolio. With a loyal tenant in place since 2004, the option to extend has been renewed for another 5 years commencing April 2014.
Currently rented at $15,370 per annum plus GST plus outgoings, this well maintained shop is very much a set and forget investment. Situated in a major shopping strip, with free parking for the entire centre these individual shops do not come on to the market very often.

Low maintenance building, excellent tenant and long term lease in place, this one truly is a great start up investment.
To be auctioned on site Thursday 2nd May 2013 at 12:30pm with standard auction terms and conditions requiring a 10% deposit and 30 day settlement.
For more information please contact Candice Gillies of NAI Harcourts Tasmania on 0408 144 448.
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Property History for 6/209 Westbury Rd, Prospect, TAS 7250

A timeline of how this property has performed in the market
  • 16 Apr 2013
    Listed for Sale AUCTION 02 MAY 2013

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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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