5 Wellington StreetLongford TAS 7301
Property Details for 5 Wellington St, Longford
Last Listing description (October 2023)
+ Brand new 10-year net lease to 2033 plus four (4) further five (5) year options to 2053.
+ United Petroleum: Top tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+ Strong and certain rental growth with fixed annual, compounding 3% increases.
+ Recent tenant funded upgrades, offering modern infrastructure and substantial depreciation benefits.
+ High profile 1,994 sqm* retail site with 48 metres* of frontage and exposure to Wellington Street, the primary thoroughfare connecting commuters to the region's central business district in Longford.
+ Neighbouring Longford's premier shopping destination, Browns SC, home to Hill Street Supermarket, BWS and Banjo's Bakery.
+ Longford: A major town within the Northern Midlands, positioned only 5.5km* south of Launceston and 4km* west of Launceston Airport.
+ Northern Midlands: Neighbouring the City of Launceston, the Northern Midlands is one of the largest and most diverse municipalities in Tasmania.
+ City of Launceston: the major administrative and commercial centre of Northern Tasmania, with a trade catchment exceeding 110,000.
+ Commsec ranks Tasmania as Australia's best performing economy, with consistently high rankings across the eight indicators.***
+ Rent: $250,000 pa* + GST
To be sold via Investment Portfolio Auction 164
Wednesday 25 October 2023
Crown Metropol
Unless Sold Prior
*Approx
** United Petroleum
*** Commsec's State of States Report July 2023
Property History for 5 Wellington St, Longford, TAS 7301
- 27 Sep 2023Listed for Sale Price on Request
- 16 Jan 2014Sold for $762,000
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0About Longford 7301
The size of Longford is approximately 177.1 square kilometres. It has 16 parks covering nearly 2.8% of total area. The population of Longford in 2016 was 3863 people. By 2021 the population was 4268 showing a population growth of 10.5% in the area during that time. The predominant age group in Longford is 60-69 years. Households in Longford are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Longford work in a trades occupation.In 2021, 70.90% of the homes in Longford were owner-occupied compared with 68.20% in 2016.
Longford has 2,321 properties. Over the last 5 years, Houses in Longford have seen a 38.36% increase in median value, while Units have seen a 53.77% increase. As at 31 January 2026:
- The median value for Houses in Longford is $560,554 while the median value for Units is $450,079.
- Houses have a median rent of $515 while Units have a median rent of $475.
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