123/125 St John StreetLaunceston TAS 7250
Property Details for 123/125 St John St, Launceston
Last Listing description (December 2019)
Prime opportunity to get in to the commercial property market or expand your portfolio in the Launceston CBD - a solid fully tenanted offering with three individual tenants spreading your investment risk. This property presents very well and is located just one block from the Launceston mall in 'Powell's Arcade'. Tenants include TOLL Transport, Mobile Mania and Adore Massage. In the current market fully tenanted properties like this under $500k are not hanging around for long - put this one in the portfolio before someone else does!
-Net rental of $27,777.24
-Total building / land size of 76.3m2 approx.
-Solid lease terms
-Tenants pay all outgoings
-Great position one block from the Launceston Mall
-Potential to also purchase Lot 2 (existing tenant Sharee Marshall Fashion)
For more information please contact Nick Oliver of NAI Harcourts North. 'Commercial Real Estate Services, Worldwide.'
Property History for 123/125 St John St, Launceston, TAS 7250
- 05 Jun 2019Listed for Sale $420,000 Plus GST (if any)
- 20 Aug 2010Sold for $610,000
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0About Launceston 7250
The size of Launceston is approximately 4.5 square kilometres. There are 13 parks, covering nearly 16.4% of the total area. The population of Launceston in 2016 was 2944 people. By 2021 the population was 3110 showing a population growth of 5.6% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation.In 2021, 46.80% of the homes in Launceston were owner-occupied compared with 48.20% in 2016.
Launceston has 3,724 properties. Over the last 5 years, Houses in Launceston have seen a 28.49% increase in median value, while Units have seen a 19.27% increase. As at 30 June 2026:
- The median value for Houses in Launceston is $855,283 while the median value for Units is $562,985.
- Houses have a median rent of $583 while Units have a median rent of $450.
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