301 Hobart RoadYoungtown TAS 7249
Property Details for 301 Hobart Rd, Youngtown
Last Listing description (November 2010)
HIGH YIELDING c.10% INVESTMENT - 10+10+5 YEAR LEASE - SUBSTANTIAL PROPERTY - NET RENT $234,050 p.a
Presenting as an excellent freehold investment opportunity, this securely leased and well established Launceston motor inn comprises a large land holding of some 6362 sq metres, 49 motel units, manager's unit, 2i.c flat, restaurant, conference facilities and more, all well maintained and presented. The current lease, for up to 25 years, commenced 1 July 2005
and returns $234,050 p.a net rent - CPI reviews apply each year together with market reviews quinquennially. An excellent investment opportunity providing above average return. OFFERS AT/AROUND 10% YIELD INVITED - CLOSING DATE FOR OFFERS/EOI's Wed. 29 JUNE 2011.
Property History for 301 Hobart Rd, Youngtown, TAS 7249
- 28 Feb 2022Sold for $3,475,000
- 03 Feb 2012Sold for $1,950,000
- 10 Nov 2010Listed for Sale Not Disclosed
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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 2,404 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.
Suburb Insights for Youngtown 7249
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