291–293 Hobart Road, Youngtown presents a substantial mixed-use commercial property occupying approximately 1,615m² of commercially zoned land within one of Launceston’s 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 563m² 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 site’s 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, 291–293 Hobart Road offers a compelling combination of flexibility, exposure and long-term potential.
- Approx. 1,615m² 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.
