Augusta RoadLenah Valley TAS 7008
Property Details for 92-94 Augusta Rd, Lenah Valley
Last Listing description (May 2025)
Ray White Commercial is proud to present this tightly held mixed-use investment, ideally located at the entrance to Lenah Valley's exclusive commercial precinct. Just 10 minutes from Hobart's CBD, Lenah Valley is a sought-after suburb renowned for its leafy streets and village charm.
This property occupies a prominent corner position at the gateway to the suburb's only commercial strip - and with no room for expansion, future supply is limited. That scarcity underpins long-term demand, making this an ideal entry point into the commercial property market or a smart addition to any portfolio.
This fully leased investment comprises three separate tenancies, offering a diversified income stream from a florist, a hairdressing salon, and a two-bedroom residential flat at the rear. The property also includes three onsite car parks and generates a strong net income of approximately $69,680 per annum*. With a total building area of 285 sqm*, opportunities like this are rare in this tightly held location.
Contact the undersigned today for further information or to arrange an inspection.
*Approximately
Property History for 92-94 Augusta Rd, Lenah Valley, TAS 7008
- 20 May 2025Sold for $1,075,000
- 03 Apr 2025Listed for Sale EOI closing Thursday, 8th May 2025 at 4pm (AEST)
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0About Lenah Valley 7008
The size of Lenah Valley is approximately 8.4 square kilometres. It has 10 parks covering nearly 3.3% of total area. The population of Lenah Valley in 2016 was 5940 people. By 2021 the population was 6522 showing a population growth of 9.8% in the area during that time. The predominant age group in Lenah Valley is 30-39 years. Households in Lenah Valley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lenah Valley work in a professional occupation.In 2021, 72.50% of the homes in Lenah Valley were owner-occupied compared with 74.00% in 2016.
Lenah Valley has 3,129 properties. Over the last 5 years, Houses in Lenah Valley have seen a 20.52% increase in median value, while Units have seen a 19.64% increase. As at 31 March 2026:
- The median value for Houses in Lenah Valley is $835,980 while the median value for Units is $554,930.
- Houses have a median rent of $650 while Units have a median rent of $515.
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