SOLD
Sold on 14 Feb 2024 for $3,100,000

103 St Leonards Road
St Leonards TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 720m2
Sold By
Towns Shearing Real Estate - LAUNCESTON
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Property Details for 103 St Leonards Rd, St Leonards

103 St Leonards Rd, St Leonards is a 0 bedroom, 0 bathroom House and was built in 1950. The property has a land size of 720m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 0 bedroom House sold in St Leonards in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
100m2
Land Size
720m2
Local Government
Launceston
Lot/Plan
1/50208

Last Listing description (September 2023)

160 meters of frontage onto St Leonards Road, easily accessed, central (a 7 - 8 minute drive to Launcestons CBD), comprising 8 separate titles with a total land area of some 3.268 hectares (of which approximately 1.85 hectares is currently in use), a Light Industrial zoning - all this adds up to a unique and substantial holding within Launceston.

Improvements comprise a comprehensive factory building complete 3 phase power, extraction ducting (if required), comfortable and functional office space and amenities and car parking that would satisfy the needs of a single occupant or could be divided (STCA) into multiple tenancies. In addition are three smaller outbuildings and extensive hard stand yard area. In addition are 3 dwellings, 1 of which is habitable and currently occupied. Subject to Council Approval and any other approvals required demolition of some of the dwellings is a great option to free up more land area for further development and improvement.

Here is a chance to secure a property, with vacant possession, in a tightly held part of the market that offers masses of options.

Utilise the factory building and offices as they are ongoing or generate a holding income whilst further development is planned.
Consider conversion of the factory building onto multiple tenancies.
Demolish part of the factory building and redevelop, or demolish all the building and redevelop the site entirely.
Excellent frontage and multiple accesses support development.
Utilise the entire site for your own operations if scale is required, or utilise part and develop the balance.
Development options include, multiple smaller warehouses (desperately needed in Launceston), larger warehouses, incorporate hardstand yard area and display if required.

A rare opportunity indeed in this tightly held part of the market to secure a versatile, substantial holding within Launceston.

Please note all suggested development options including demolition of any improvements are subject to Launceston City Council Approval and approval from any other relevant authority. All boundary outlines in images should be treated as indicative only.

The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd. by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the property.

Humphreys Real Estate Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.

Property History for 103 St Leonards Rd, St Leonards, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$3,100,000
14 Feb 2024
Listed for Rent
$220/w
02 Mar 2012
  • 14 Feb 2024
    Sold for $3,100,000
  • 10 Aug 2023
    Listed for Sale Please Contact Agent
  • 28 Feb 2012
    Listed for Rent - Price not available
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About St Leonards 7250

The size of St Leonards is approximately 44.7 square kilometres. It has 5 parks covering nearly 0.6% of total area. The population of St Leonards in 2011 was 1,924 people. By 2016 the population was 1,996 showing a population growth of 3.7% in the area during that time. The predominant age group in St Leonards is 0-9 years. Households in St Leonards are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in St Leonards work in a trades occupation. In 2011, 75% of the homes in St Leonards were owner-occupied compared with 76.3% in 2016.

St Leonards has 1,117 properties. Over the last 5 years, Houses in St Leonards have seen a 89.99% increase in median value, while Units have seen a 70.49% increase. As at 30 September 2024:

  • The median value for Houses in St Leonards is $537,835 while the median value for Units is $388,235.
  • Houses have a median rent of $445 while Units have a median rent of $365.
There are currently 15 properties listed for sale, and no properties listed for rent in St leonards on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in St leonards.

Suburb Insights for St Leonards 7250

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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.