1 Arnold Street, Penguin, TAS 7316 | Commercial for sale | OnTheHouse
 
FOR SALE
$250,000

1 Arnold Street
Penguin TAS 7316

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 70m2
Land area: 99m2
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SMALL COMMERCIAL BUILDING FOR SALE, FANTASTIC OPPORTUNITY FOR INVESTORS

An outstanding entry-level commercial investment in the heart of Penguin, securely leased to a respected local business.
The current lease started on the 4th March 2024 – 3rd March 2025
The tenant is now in the first year of their 3-year option 4th March – 3rd March 2028 then has 3 year + 3 year options. With the tenant responsible for all statutory outgoings, providing a genuine net return and minimal landlord involvement.
Well-presented throughout and a quality fit-out, this low-maintenance asset delivers stability, simplicity and strong investment fundamentals.
Set only metres from Penguin's main street and popular market precinct, this well presented 70.47m2 (approx. total) commercial building suits an office or shop front, with approximately 51.33m2 shop area.
The large front windows allow for great window display.
There is a toilet, kitchenette, rear storage area.
- Central CBD fringe position
- Fully tenanted – 3 + 3 + 3 Options
- Roof recently replaced
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Property Details for 1 Arnold St, Penguin

Building Type
Commercial
Floor Size
70m2
Land Size
99m2
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About Penguin 7316

The size of Penguin is approximately 45.4 square kilometres. It has 14 parks covering nearly 23.2% of total area. The population of Penguin in 2016 was 3849 people. By 2021 the population was 4132 showing a population growth of 7.4% in the area during that time. The predominant age group in Penguin is 50-59 years. Households in Penguin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penguin work in a professional occupation.In 2021, 75.00% of the homes in Penguin were owner-occupied compared with 75.00% in 2016.

Penguin has 2,113 properties. Over the last 5 years, Houses in Penguin have seen a 72.58% increase in median value, while Units have seen a 51.32% increase. As at 30 November 2025:

  • The median value for Houses in Penguin is $634,770 while the median value for Units is $404,386.
  • Houses have a median rent of $450 while Units have a median rent of $335.
There are currently 35 properties listed for sale, and no properties listed for rent in Penguin on OnTheHouse. According to Cotality's data, 104 properties were sold in the past 12 months in Penguin.

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Brent Fielding
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Andrea Dyson
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Elders Real Estate Ulverstone
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