SOLD
Sold on 13 Sep 2023 for $355,000

221 Westbury Road
Prospect TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 64m2
Land area: 64m2
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Property Details for 221 Westbury Rd, Prospect

Building Type
Commercial
Year Built
1981
Floor Size
64m2
Land Size
64m2
Local Government
Launceston
Lot/Plan
1/60306

Last Listing description (February 2020)

Located in the Olde Tudor Shopping Complex, this well located shop occupies a corner position opposite the IGA supermarket. This Shopping centre continues to prove a vibrant retail precinct with historically low vacancies.

The Strata is offered on a Gross lease until January 2021 with option periods.


The property is currently returning a Gross Rental of $21,179 per annum + GST.

The tenants currently operate a caf with a number of other shops occupied by other food tenancies forming a strong food precinct for the Summerhill/Prospect region.

Property History for 221 Westbury Rd, Prospect, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$355,000
13 Sep 2023
  • 13 Sep 2023
    Sold for $355,000
  • 20 Jan 2020
    Sold for $215,000
  • 21 Nov 2019
    Listed for Sale For Sale- Offers Over $230,000
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About Prospect 7250

The size of Prospect is approximately 6.6 square kilometres. It has 9 parks covering nearly 19.4% of total area. The population of Prospect in 2011 was 1,438 people. By 2016 the population was 1,710 showing a population growth of 18.9% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 66.7% of the homes in Prospect were owner-occupied compared with 63.7% in 2016.

Prospect has 1,008 properties.

    There are currently 5 properties listed for sale, and 2 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Prospect.

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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.