291 Hobart RoadYoungtown TAS 7249
Property Details for 291 Hobart Rd, Youngtown
Last Listing description (June 2026)
291293 Hobart Road, Youngtown presents a substantial mixed-use commercial property occupying approximately 1,615m of commercially zoned land within one of Launcestons key southern commercial corridors.
Benefiting from strong exposure to passing traffic along Hobart Road, the property combines existing income streams with significant repositioning and redevelopment potential.
The improvements comprise approximately 563m of accommodation including multiple ground-floor commercial tenancies, storage areas, a recently refreshed one-bedroom residence and a generous four-bedroom residence.
One commercial tenancy is currently leased, providing immediate holding income, while the remaining commercial areas offer scope for lease-up, refurbishment or repurposing depending on purchaser requirements.
The property is supported by extensive on-site parking and multiple access points, enhancing its appeal to owner-occupiers, investors and developers alike.
Commercial zoning provides flexibility for a broad range of future uses, while the sites scale and prominent arterial-road position create opportunities for further redevelopment or long-term land banking.
Positioned within an established mixed-use precinct surrounded by commercial, retail, residential and light-industrial development, the property enjoys convenient access to Kings Meadows, the Midland Highway and the wider Launceston region.
Whether viewed as an income-producing asset, value-add investment or future development opportunity, 291293 Hobart Road offers a compelling combination of flexibility, exposure and long-term potential.
- Approx. 1,615m commercially zoned site
- High-exposure Hobart Road frontage
- Mixed-use commercial and residential asset
- Existing holding income in place
- Extensive on-site parking provision
- Approx. 25% site coverage
- Vacant areas offering lease-up potential
- Future redevelopment opportunities (STCA)
The property is offered for sale by Expressions of Interest closing at 12 pm Friday 31st July.
The vendor may negotiate and sell prior to EOI close; interested parties should register promptly.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective customers are advised to carry out their own investigations.
Property History for 291 Hobart Rd, Youngtown, TAS 7249
- 26 Jun 2026Listed for Sale Expressions of Interest closing 31st July 2026
- 04 Feb 2016Listed for Sale $499,000 No GST
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0About Youngtown 7249
The size of Youngtown is approximately 4.9 square kilometres. There are 4 parks, covering nearly 7.0% of the total area. The population of Youngtown in 2016 was 4053 people. By 2021 the population was 4315 showing a population growth of 6.5% in the area during that time. The predominant age group in Youngtown is 20-29 years. Households in Youngtown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Youngtown work in a professional occupation.In 2021, 73.80% of the homes in Youngtown were owner-occupied compared with 73.10% in 2016.
Youngtown has 2,401 properties. Over the last 5 years, Houses in Youngtown have seen a 52.48% increase in median value, while Units have seen a 44.61% increase. As at 30 June 2026:
- The median value for Houses in Youngtown is $717,335 while the median value for Units is $518,747.
- Houses have a median rent of $590 while Units have a median rent of $420.
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