118C Hobart Road, Kings Meadows, TAS 7249 | Commercial for sale | OnTheHouse
 
FOR SALE
OFFERS OVER $465,000

118c Hobart Road
Kings Meadows TAS 7249

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Kings Meadows Prime Commercial Entry Level Investment Opportunity,Tenant Pays Outgoings O/O $465,000

Prime Kings Meadows Commercial Investment!!
An excellent opportunity to secure a well-presented investment in one of Launceston’s busiest suburban centres.
The property is currently occupied and operated as an Indian grocery shop, with a secure lease in place — 2 years remaining and 2 further options of 3 years each. This provides investors with a steady income stream and strong tenant commitment.
Enjoying prime main road frontage on Hobart Road and convenient access from the rear car park, the property benefits from high visibility and strong customer flow.
The building has been upgraded with new flooring and 18 solar panels, ensuring ongoing efficiency and minimal maintenance.
Zoned General Business, it offers flexibility for a wide range of future uses (STCA).
Investment highlights:
Tenant pays all outgoings (except building insurance)
Secure lease: 2 years remaining + 2 x 3-year options
Prime exposure and dual access
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Property Details for 118c Hobart Rd, Kings Meadows

Building Type
Commercial
Floor Size
1m2
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About Kings Meadows 7249

The size of Kings Meadows is approximately 5.0 square kilometres. It has 8 parks covering nearly 20.2% of total area. The population of Kings Meadows in 2016 was 3670 people. By 2021 the population was 4359 showing a population growth of 18.8% in the area during that time. The predominant age group in Kings Meadows is 20-29 years. Households in Kings Meadows are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kings Meadows work in a professional occupation.In 2021, 63.00% of the homes in Kings Meadows were owner-occupied compared with 64.60% in 2016.

Kings Meadows has 2,323 properties. Over the last 5 years, Houses in Kings Meadows have seen a 61.68% increase in median value, while Units have seen a 57.47% increase. As at 30 November 2025:

  • The median value for Houses in Kings Meadows is $585,225 while the median value for Units is $434,632.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 7 properties listed for sale, and 1 property listed for rent in Kings meadows on OnTheHouse. According to Cotality's data, 126 properties were sold in the past 12 months in Kings meadows.

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Paul Scott
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Praveen Pant
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