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156-166 St Leonards Road
St Leonards TAS 7250

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Property Details for 156-166 St Leonards Rd, St Leonards

Building Type
Land
Local Government
Launceston

Last Listing description (May 2023)

With a chronic shortage of good industrial land close to the city, 156-166 St Leonards Road, Launceston offers the opportunity for a savvy investor to buy and develop with holding income from a variety of longer term tenants.

Formerly a meat works with many buildings ( in average to poor condition), and with a large frontage onto St Leonards Road, the site provides significant opportunity to upgrade or redevelop the existing industrial facilities to increase rentals or an owner occupier looking to establish their own facility with room to develop for other operatives.

Property History for 156-166 St Leonards Rd, St Leonards, TAS 7250

A timeline of how this property has performed in the market
  • 10 Feb 2022
    Listed for Sale For Sale By Offer

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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 1,119 properties. Over the last 5 years, Houses in St Leonards have seen a 81.81% increase in median value, while Units have seen a 73.21% increase. As at 31 October 2024:

  • The median value for Houses in St Leonards is $526,220 while the median value for Units is $427,087.
  • Houses have a median rent of $445 while Units have a median rent of $365.
There are currently 19 properties listed for sale, and no properties listed for rent in St leonards on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in St leonards.

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