89 St Leonards RoadSt Leonards TAS 7250
Property Details for 89 St Leonards Rd, St Leonards
Last Listing description (March 2021)
Four warehouses, all tenanted, 5,885m2 of General Industrial land and fronting St Leonards Road this property has a lot to offer. A great chance to secure a commercial investment property and spread your risk across multiple tenants. On St Leonards Road, a short drive from the central Launceston in an area that has seen much improvement over the past few years the property offers potential to investors and owner occupier alike someone looking to occupy one warehouse and enjoy rental returns from the remaining three or continue to lease all four. Three of the warehouses offer office space and amenities while one is warehouse space only. All are easily accessed and there is ample yard area, so much so the potential for further development exists subject to any council approval required. Returning a current net annual rental just under $58,000.00 with scope to grow, this is an opportunity well worth further consideration.
Property History for 89 St Leonards Rd, St Leonards, TAS 7250
- 01 Nov 2019Sold for $700,000
- 26 Jun 2019Listed for Sale $720,000 ex any applicable GST
- 23 Jun 2017Listed for Sale 750000.00
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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.
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