255 Hobart Road,
Launceston, TAS 7250

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Key property information

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Map of 255 Hobart Road

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Attractive 8% Yield Investment on Strong Growth Corridor

255 Hobart Road occupies a very successful fitness centre, very popular with the locals and is leased to motivated operators. Strategically located on the busy arterial of Hobart Road in Youngtown, a commonly known growth corridor only minutes to the Midland Highway and East Launceston precinct.

Features of 255 Hobart Road include:

- Attractive 8% yield
- Surrounded by strong retailers such as BWS Liquor, FRM Machinery and Tazzy Tyres
- Masses of car parking at rear
- New 3+3 year lease from January 2018
- Net rental income of $44,200pa

Certainly a property well worth considering if you are an astute investor looking for a great return!

For further details contact Marcus Douglas

Launceston, 7250 demographic data

The median household income for Launceston is $1,439, 17% higher than Regional Tasmania's household income of $1,225. Launceston has a younger age profile compared to the rest of Regional Tasmania (median age 41 vs 45). Property ownership data shows 34% of property owners in Launceston have a mortgage.

3,110

Population

$1,439 per week

Median household income

41 years

Median age

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