124A Hobart RoadKings Meadows TAS 7249
Property Details for 124a Hobart Rd, Kings Meadows
Last Listing description (July 2023)
Introducing an exceptional commercial investment opportunity in the heart of the highly sought-after Kings Meadows shopping precinct. This entry-level investment property is perfectly positioned along Hobart Road, right in the bustling retail strip of one of Launceston's busiest shopping areas.
Currently leased until early 2025 with a further 5 year option, this property offers a stable income stream with a long-term tenant. Bento, a trusted and established business, which has been successfully operating in this space for over a decade, showcasing their commitment and confidence in the location.
With immense exposure to a high volume of car & foot traffic, this property ensures maximum visibility for your investment. Surrounding this prime location are a host of reputable and quality neighboring businesses, further enhancing the appeal and potential success of your investment.
Whether you are a seasoned investor looking to expand your portfolio or a newcomer seeking an entry into the commercial market, this property presents a fantastic opportunity. Don't miss out on the chance to secure a prime position in the thriving Kings Meadows shopping precinct.
Contact us today to arrange a viewing and capitalise on this excellent commercial investment.
Property History for 124a Hobart Rd, Kings Meadows, TAS 7249
- 08 Jun 2023Sold for $310,000
- 07 Jun 2023Listed for Sale UNDER CONTRACT
- 04 Feb 2004Sold for $144,000
Recent sales nearby
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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 2,329 properties. Over the last 5 years, Houses in Kings Meadows have seen a 57.40% increase in median value, while Units have seen a 70.31% increase. As at 30 April 2026:
- The median value for Houses in Kings Meadows is $654,246 while the median value for Units is $537,253.
- Houses have a median rent of $525 while Units have a median rent of $445.
Suburb Insights for Kings Meadows 7249
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