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We are pleased to present for sale this high-exposure commercial site, ideally located on Invermay Road—one of Launceston’s most prominent commercial and large format retail precincts. With an extensive 80m* frontage and exposure to approximately 20,000* vehicles daily, the property offers exceptional visibility and access in a tightly held corridor.
Comprising 5,165 sqm* across multiple titles, the level site provides flexibility for future subdivision, staged development or owner-occupation. Improvements include a modern 200 sqm* office with glass frontage and multiple rear workshops, suitable for a wide range of uses. Zoned ‘Commercial’, the property is ideal for bulky goods, automotive, retail showroom and related commercial uses.
Currently leased until March 2026, the property provides a strong holding income of $282,577* p.a., offering security while unlocking longer-term development potential.
Key Selling Points:
+ Premium Invermay Road location with exposure to some 20,000* vehicles daily
+ 5,165 sqm* level site with 80m* frontage and rear access via Rooms Avenue
+ Zoned ‘Commercial’ – suitable for large format retail, automotive or showroom use
+ Modern office and workshop improvements offering flexible occupation or repurposing
+ Secure holding income of $282,577* p.a. until March 2026 (WALE 0.99 years)
For Sale by Expressions of Interest closing Thursday 8th May 2025 at 4:00pm (AEST).
*Approx
Remember to mention you found this property on DevelopmentReady
We are pleased to present for sale this high-exposure commercial site, ideally located on Invermay Road—one of Launceston’s most prominent commercial and large format retail precincts. With an extensive 80m* frontage and exposure to approximately 20,000* vehicles daily, the property offers exceptional visibility and access in a tightly held corridor.
Comprising 5,165 sqm* across multiple titles, the level site provides flexibility for future subdivision, staged development or owner-occupation. Improvements include a modern 200 sqm* office with glass frontage and multiple rear workshops, suitable for a wide range of uses. Zoned ‘Commercial’, the property is ideal for bulky goods, automotive, retail showroom and related commercial uses.
Currently leased until March 2026, the property provides a strong holding income of $282,577* p.a., offering security while unlocking longer-term development potential.
Key Selling Points:
+ Premium Invermay Road location with exposure to some 20,000* vehicles daily
+ 5,165 sqm* level site with 80m* frontage and rear access via Rooms Avenue
+ Zoned ‘Commercial’ – suitable for large format retail, automotive or showroom use
+ Modern office and workshop improvements offering flexible occupation or repurposing
+ Secure holding income of $282,577* p.a. until March 2026 (WALE 0.99 years)
For Sale by Expressions of Interest closing Thursday 8th May 2025 at 4:00pm (AEST).
*Approx
Remember to mention you found this property on DevelopmentReady
20-26 Invermay Road, Invermay, TAS 7248
