3/32 Elouera StreetRiverside TAS 7250
Property Details for 3/32 Elouera St, Riverside
Last Listing description (May 2021)
This high profile commercial office property located within the popular Tailrace Centre has West Tamar Highway frontage and is only 5 minutes from Launceston's CBD. Underpinned by a secure and rare 10 + 10 year lease from May 2017 with guarantee from New Directions Community Church Inc.
Currently configured into 9 well appointed individual offices, most of which are sublet to like minded businesses in the strong health and welfare sector spreading investment risk.
Long 10 + 10 year Lease from May 2017
Solid brick construction
215m2 building area
Large 937m2 title area
65 bay car park (common property)
Current net rental $54,433 per annum
Excellent parking on title with the added bonus of a huge 65 bay car park that adjoins, which is common property.
For further details contact Blake Shepherd or Ian Singline
Property History for 3/32 Elouera St, Riverside, TAS 7250
- 23 Jul 2024Sold for $835,000
- 12 Apr 2021Sold for $680,000
- 12 Feb 2021Listed for Sale Offers Over $695,000
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0About Riverside 7250
The size of Riverside is approximately 55 square kilometres. It has 7 parks covering nearly 2.6% of total area. The population of Riverside in 2011 was 6,072 people. By 2016 the population was 6,475 showing a population growth of 6.6% in the area during that time. The predominant age group in Riverside is 10-19 years. Households in Riverside are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverside work in a professional occupation. In 2011, 75.3% of the homes in Riverside were owner-occupied compared with 72.7% in 2016.
Riverside has 3,450 properties. Over the last 5 years, Houses in Riverside have seen a 60.20% increase in median value, while Units have seen a 31.56% increase. As at 31 October 2024:
- The median value for Houses in Riverside is $635,296 while the median value for Units is $390,495.
- Houses have a median rent of $480 while Units have a median rent of $410.
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