20-22 Invermay RoadInvermay TAS 7248
Property Details for 20-22 Invermay Rd, Invermay
Last Listing description (August 2019)
Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Strategic main road position close to Launceston CBD, Utas Stadium and planned relocation of University of Tasmania northern campus
Invermay Road, one of the preferred precincts for large format retail, automotive and commercial showroom operations
Expansive landholdings in this vicinity are rarely offered to the market place
Valuable 80 metre retail frontage to Invermay Road, being highly visible to large traffic volumes
Hosting a leading used-motor vehicle dealership, this prominent site has facilitated excellent year on year sales growth
Net income $235,398 pa + GST
Property History for 20-22 Invermay Rd, Invermay, TAS 7248
- 27 Nov 2025Sold for $5,150,000
- 04 Jul 2019Sold for $2,950,000
- 08 Mar 2019Listed for Sale Not Disclosed
Recent sales nearby
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0About Invermay 7248
The size of Invermay is approximately 4.1 square kilometres. There are 9 parks, covering nearly 21.5% of the total area. The population of Invermay in 2016 was 3061 people. By 2021 the population was 3498 showing a population growth of 14.3% in the area during that time. The predominant age group in Invermay is 20-29 years. Households in Invermay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Invermay work in a professional occupation.In 2021, 46.50% of the homes in Invermay were owner-occupied compared with 44.00% in 2016.
Invermay has 2,061 properties. Over the last 5 years, Houses in Invermay have seen a 40.08% increase in median value, while Units have seen a 49.12% increase. As at 31 July 2026:
- The median value for Houses in Invermay is $573,137 while the median value for Units is $493,492.
- Houses have a median rent of $510 while Units have a median rent of $400.
Suburb Insights for Invermay 7248
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