444 Westbury RoadProspect Vale TAS 7250
Property Details for 444 Westbury Rd, Prospect Vale
Last Listing description (September 2018)
VERSATILE PROPERTY MIX - Prominent Main Road Frontage
SECURE LEASE-BACK
Landmark location this extensive site is occupied by and known as the 'Roberts Prospect Rural Merchandise Store' and is being sold with secure lease-back arrangements.
* Prominent exposure to Westbury Road on the Bass Highway intersection linking Prospect and the greater Launceston region;
* Located in a mixed industrial/ commercial/warehouse precinct on the western fringe of the City of Launceston and within close proximity to a popular strong growth residential area, schools and sporting grounds;
* Zoned 'Light Industrial' this freehold property is all on one Title with total land area measuring approximately 5,155m2 and total building GLA 1,682m2;
* Versatile Property Mix comprising front Retail Showroom and Offices, Bulk Store, Rear Workshop, Chemical Store, Amenities, 1st Floor Offices & Under-cover Drive-through plus extensive hardstand parking area & additional site access to Harley Parade & additional staff parking;
* 5 Year Lease Term + 5 Year Option to extend until 2028;
* Annual CPI Increases capped at 3%; the Lessee is responsible for payment of all statutory outgoings and normal day-to-day running costs for the business operation;
* This exceptional passive investment opportunity is a rare offering and will provide a competitive market yield while also securing a quality 'blue-chip' tenant.
For Sale by Expression of Interest Closing 5.00pm Friday 3rd August, 2018
The Vendor reserves the right to sell the property prior to the Closing Date
Inspection strictly by appointment only
All enquiries contact John Barwick of Roberts Commercial Hobart
Property History for 444 Westbury Rd, Prospect Vale, TAS 7250
- 13 Mar 2026Sold for $2,220,000
- 14 Sep 2018Listed for Sale For Sale by Expression of Interest
- 13 Aug 2018Sold for $1,265,000
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0About Prospect Vale 7250
The size of Prospect Vale is approximately 10.0 square kilometres. There are 16 parks, covering nearly 10.6% of the total area. The population of Prospect Vale in 2016 was 5067 people. By 2021 the population was 5433 showing a population growth of 7.2% in the area during that time. The predominant age group in Prospect Vale is 50-59 years. Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a professional occupation.In 2021, 72.00% of the homes in Prospect Vale were owner-occupied compared with 70.90% in 2016.
Prospect Vale has 3,018 properties. Over the last 5 years, Houses in Prospect Vale have seen a 42.77% increase in median value, while Units have seen a 50.05% increase. As at 31 July 2026:
- The median value for Houses in Prospect Vale is $776,342 while the median value for Units is $552,355.
- Houses have a median rent of $618 while Units have a median rent of $450.
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