As one of the highest profile sites on Invermay Road this brilliant parcel of land comprising 3 street frontages is zoned commercial under the Launceston Planning Scheme.
The existing use is currently a car sales yard, offices, workshop and residential 3 bedroom flat.
The site comprises a level parcel of land of some 1248m2, fully fenced and bitumend with all major services connected and with further improvements thereon of approximately 41m2 of offices, 180m2 of workshop and 113m2 of upstairs flat area.
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 1,914 properties. Over the last 5 years, Houses in Mowbray have seen a 54.68% increase in median value, while Units have seen a 60.83% increase. As at 30 April 2026:
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