Raine & Horne Commercial is delighted to offer for sale a prized investment opportunity in one of Southern Tasmania's most in demand and tightly held commercial locations. Features include;
A premium, high profile position within Mertonvale Circuit, an established and highly regarded commercial estate on the outskirts of the Kingston CBD. Mertonvale Circuit and the immediate surrounds are the dominant precinct for bulky goods style occupiers in Greater Kingston, where growth is surging and land for new commercial-industrial development is limited
Over 44 metres frontage to Channel Highway
Adjoins the Harvey Norman Clearance Centre, with numerous leading national businesses nearby including Bunnings Kingston
Impressive showroom & warehouse complex (527m approx) with 13 sealed and marked car parks plus surplus land for expansion (STCA). Suited to many alternative
occupiers at lease end
Over 4 years remaining lease term to a longstanding tenant aligned with progressive retail floor coverings group Choices Flooring. Rental $84,000 per annum + outgoings & GST, with rent review to CPI (Hobart) due 1st June 2022
The size of Kingston is approximately 37.3 square kilometres. It has 29 parks covering nearly 8.9% of total area. The population of Kingston in 2016 was 10409 people. By 2021 the population was 12288 showing a population growth of 18.0% in the area during that time. The predominant age group in Kingston is 30-39 years. Households in Kingston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingston work in a professional occupation.In 2021, 67.90% of the homes in Kingston were owner-occupied compared with 67.30% in 2016.
Kingston has 6,140 properties. Over the last 5 years, Houses in Kingston have seen a 30.58% increase in median value, while Units have seen a 25.15% increase. As at 30 April 2026:
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