1 Arnold Street, Penguin, TAS 7316 sold on 11 February 2026 | OnTheHouse
 
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Sold on 11 Feb 2026 for $240,000

1 Arnold Street
Penguin TAS 7316

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 70m2
Land area: 99m2
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Property Details for 1 Arnold St, Penguin

Building Type
Commercial
Floor Size
70m2
Land Size
99m2

Last Listing description (February 2026)

An outstanding entry-level commercial investment in the heart of Penguin, securely leased to a respected local business.
The current lease started on the 4th March 2024 – 3rd March 2025
The tenant is now in the first year of their 3-year option 4th March – 3rd March 2028 then has 3 year + 3 year options.

Well-presented throughout and a quality fit-out, this low-maintenance asset delivers stability, simplicity and strong investment fundamentals.
Set only metres from Penguin's main street and popular market precinct, this well presented 70.47m2 (approx. total) commercial building suits an office or shop front, with approximately 51.33m2 shop area.
The large front windows allow for great window display.
There is a toilet, kitchenette, rear storage area.
- Central CBD fringe position
- Fully tenanted – 3 + 3 + 3 Options
- Roof recently replaced
- Rent is reviewed annually by CPI
- Current rent $1015 per calendar month (GST not applicable)
- Ideal low-maintenance addition to any investment portfolio

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Property History for 1 Arnold St, Penguin, TAS 7316

A timeline of how this property has performed in the market
Last Sold
$240,000
11 Feb 2026
Listed for Rent
$230/w
23 Feb 2024
  • 11 Feb 2026
    Sold for $240,000
  • 24 Oct 2025
    Listed for Sale $250,000
  • 07 Feb 2024
    Listed for Rent $12,000 / year
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About Penguin 7316

The size of Penguin is approximately 45.4 square kilometres. It has 14 parks covering nearly 23.2% of total area. The population of Penguin in 2016 was 3849 people. By 2021 the population was 4132 showing a population growth of 7.4% in the area during that time. The predominant age group in Penguin is 50-59 years. Households in Penguin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penguin work in a professional occupation.In 2021, 75.00% of the homes in Penguin were owner-occupied compared with 75.00% in 2016.

Penguin has 2,115 properties. Over the last 5 years, Houses in Penguin have seen a 64.29% increase in median value, while Units have seen a 70.17% increase. As at 28 February 2026:

  • The median value for Houses in Penguin is $672,841 while the median value for Units is $451,474.
  • Houses have a median rent of $460 while Units have a median rent of $335.
There are currently 30 properties listed for sale, and no properties listed for rent in Penguin on OnTheHouse. According to Cotality's data, 105 properties were sold in the past 12 months in Penguin.

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Brent Fielding
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Andrea Dyson
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Elders Real Estate Ulverstone
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