89 St Leonards RoadSt Leonards TAS 7250
Property Details for 89 St Leonards Rd, St Leonards
Last Listing description (March 2021)
Four warehouses, all tenanted, 5,885m2 of General Industrial land and fronting St Leonards Road this property has a lot to offer. A great chance to secure a commercial investment property and spread your risk across multiple tenants. On St Leonards Road, a short drive from the central Launceston in an area that has seen much improvement over the past few years the property offers potential to investors and owner occupier alike someone looking to occupy one warehouse and enjoy rental returns from the remaining three or continue to lease all four. Three of the warehouses offer office space and amenities while one is warehouse space only. All are easily accessed and there is ample yard area, so much so the potential for further development exists subject to any council approval required. Returning a current net annual rental just under $58,000.00 with scope to grow, this is an opportunity well worth further consideration.
Property History for 89 St Leonards Rd, St Leonards, TAS 7250
- 01 Nov 2019Sold for $700,000
- 26 Jun 2019Listed for Sale $720,000 ex any applicable GST
- 23 Jun 2017Listed for Sale 750000.00
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0About St Leonards 7250
The size of St Leonards is approximately 44.7 square kilometres. There are 5 parks, covering nearly 0.6% of the total area. The population of St Leonards in 2016 was 2009 people. By 2021 the population was 2351 showing a population growth of 17.0% in the area during that time. The predominant age group in St Leonards is 30-39 years. Households in St Leonards are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in St Leonards work in a professional occupation.In 2021, 77.70% of the homes in St Leonards were owner-occupied compared with 76.30% in 2016.
St Leonards has 1,155 properties. Over the last 5 years, Houses in St Leonards have seen a 61.21% increase in median value, while Units have seen a 93.48% increase. As at 31 May 2026:
- The median value for Houses in St Leonards is $620,326 while the median value for Units is $515,231.
- Houses have a median rent of $620 while Units have a median rent of $265.
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