89-93 Hobart Road, Kings Meadows, TAS 7249 | Property Value & History | OnTheHouse
OFF MARKET

89-93 Hobart Road
Kings Meadows TAS 7249

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 140m2
Land area: 2010m2
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Property Details for 89-93 Hobart Rd, Kings Meadows

Building Type
Commercial
Year Built
1966
Floor Size
140m2
Land Size
2010m2
Local Government
Launceston
Lot/Plan
1/131842

Last Listing description (September 2023)

Excellent shop for Lease in Kings Meadows Tasmania.

Main road frontage with thousands of cars passing every day.
Reasonable rent and a long lease with options until the year 2031.

Premises suitable for other businesses or food outlets (subject to landlord's approval).
Equipment includes a walk-in cool room and a walk-in freezer.
Plenty of free parking for customers.

Inviting motivated entrepreneurs to take over the plant and equipment and lease of this standout premises.

PS: Business ceased training in July 2023.

Contact Business Brokers Praveen Pant at 0432 256 682 or Paul Scott at 0477 771 098 or email pauls@tasbps.com.au/ praveenp@tasbps.com.au

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF;

Please Note: All figures quoted are approximate.

Property Code: 857

Property History for 89-93 Hobart Rd, Kings Meadows, TAS 7249

A timeline of how this property has performed in the market
Last Sold
$225,000
14 Aug 1997
  • 16 Jan 2023
    Listed for Sale Not Disclosed
  • 14 Aug 1997
    Sold for $225,000
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About Kings Meadows 7249

The size of Kings Meadows is approximately 5.0 square kilometres. There are 8 parks, covering nearly 20.2% of the 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 2,333 properties. Over the last 5 years, Houses in Kings Meadows have seen a 52.80% increase in median value, while Units have seen a 53.00% increase. As at 30 June 2026:

  • The median value for Houses in Kings Meadows is $669,396 while the median value for Units is $518,659.
  • Houses have a median rent of $550 while Units have a median rent of $465.
There are currently 11 properties listed for sale, and 7 properties listed for rent in Kings meadows on OnTheHouse. According to Cotality's data, 94 properties were sold in the past 12 months in Kings meadows.

Suburb Insights for Kings Meadows 7249

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.