258 Invermay Road, Mowbray, TAS 7248 | Property Value & History | OnTheHouse
OFF MARKET

258 Invermay Road
Mowbray TAS 7248

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 115m2
Land area: 1421m2
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Property Details for 258 Invermay Rd, Mowbray

Building Type
Commercial
Year Built
1995
Floor Size
115m2
Land Size
1421m2
Local Government
Launceston
Lot/Plan
1/105611

Last Listing description (November 2013)

Multiple Tenants, Great Location - Investment Property
Fully let the property comprises two titles and three individual tenancies (Pizza Hut, Mowbray Newsagency and King of Kebabs). Currently returning in excess of $103,000 per annum after outgoings (Rates, Tas Water and Land Tax) and GST.
Excellent frontage onto Invermay Road and ample on site car parking.

Located on the corner of Invermay Road and Pleasant Street in a high profile location in the heart of the Mowbray shopping strip. The property is close to the Mowbray Hotel, the recently developed Coles Supermarket, KFC, Mowbray Market Place which comprises Woolworths and also near the new Target development currently under construction. This is a great opportunity to secure a fully let retail complex with a good mix of tenants, excellent frontage, in a high profile location and with great on-site parking and signage.

Property History for 258 Invermay Rd, Mowbray, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$1,125,000
21 Nov 2013
  • 21 Nov 2013
    Sold for $1,125,000
  • 02 Aug 2013
    Listed for Sale $1,200,000
  • 24 Jul 2000
    Sold for $603,000
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About Mowbray 7248

The size of Mowbray is approximately 9.4 square kilometres. It has 12 parks covering nearly 15.5% of total area. The population of Mowbray in 2016 was 3733 people. By 2021 the population was 4048 showing a population growth of 8.4% in the area during that time. The predominant age group in Mowbray is 20-29 years. Households in Mowbray are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mowbray work in a community and personal service occupation.In 2021, 46.10% of the homes in Mowbray were owner-occupied compared with 47.90% in 2016.

Mowbray has 1,909 properties. Over the last 5 years, Houses in Mowbray have seen a 55.10% increase in median value, while Units have seen a 49.03% increase. As at 31 December 2025:

  • The median value for Houses in Mowbray is $475,013 while the median value for Units is $362,700.
  • Houses have a median rent of $460 while Units have a median rent of $425.
There are currently 8 properties listed for sale, and 4 properties listed for rent in Mowbray on OnTheHouse. According to Cotality's data, 88 properties were sold in the past 12 months in Mowbray.

Suburb Insights for Mowbray 7248

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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.