6/17 Abbott StreetEast Launceston TAS 7250
Property Details for 6/17 Abbott St, East Launceston
Last Listing description (July 2014)
High performing restaurant/cafe
Opened in late 2012, Net 19 in East Launceston is now offered for sale due to our owners relocating. The high profile owners always planned to establish and then on sell this restaurant based on the success of previous ventures and the unusual benefit of no other evening trade restaurants in the suburb. With a huge indoor, outdoor dining space, full commercial kitchen and surrounded by quality businesses, Net 19 is an incredible opportunity for someone to enter into a very new business already turning over in excess of $800,000 per annum. Add to this all new plant and equipment, a secure 3 x 5 x 5 year lease, parking on site and a children's playground and this is a superb family restaurant, well run and easy to take over. Genuine buyers only need apply via Candice Gillies at NAI Harcourts for a detailed information pack. Commercial Real Estate Services Worldwide
Property History for 6/17 Abbott St, East Launceston, TAS 7250
- 27 Mar 2014Listed for Sale $249,000 PLUS S.A.V
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About East Launceston 7250
The size of East Launceston is approximately 1.0 square kilometres. There are 3 parks, covering nearly 9.1% of the total area. The population of East Launceston in 2016 was 2143 people. By 2021 the population was 2270 showing a population growth of 5.9% in the area during that time. The predominant age group in East Launceston is 50-59 years. Households in East Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Launceston work in a professional occupation.In 2021, 67.40% of the homes in East Launceston were owner-occupied compared with 68.40% in 2016.
East Launceston has 1,072 properties. Over the last 5 years, Houses in East Launceston have seen a 22.24% increase in median value, while Units have seen a 18.30% increase. As at 31 August 2026:
- The median value for Houses in East Launceston is $953,275 while the median value for Units is $556,850.
- Houses have a median rent of $580 while Units have a median rent of $435.
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