124 Charles StreetLaunceston TAS 7250
Property Details for 124 Charles St, Launceston
Last Listing description (March 2023)
This superb property occupies arguable one of the highest profile corners leading to Launceston's strongest retail strip as well as featuring an enormous 44m frontage to York Street, all the way to the Kingsway corner.
Constructed as 8 commercial shops, the property is currently fully let as 4 tenancies incorporating Cold Rock, Wildly Abigail Florist, Hari's Curry and Phenomenal Nails and Lashes.
- Cold Rock - 97 stores nationally, recently renewed 5 year lease term
- Prominent street frontage to 3 streets totalling 58m
- Strong commercial tenancy profile focused on the flourishing hospitality sector
- Fully leased to multiple tenants spreading risk
- Vibrant locale with immense exposure to 3 lanes of passing traffic
- $100,178pa net rental approximately
An outstanding opportunity to acquire this high profile asset offering strong rental growth potential along with ability for future first floor development (STCA) or indeed strata to individual lots.
For further details contact Blake Shepherd.
Property History for 124 Charles St, Launceston, TAS 7250
- 20 Jan 2023Sold for $1,700,000
- 31 Oct 2022Listed for Sale For Sale By Offer
- 11 Nov 2019Listed for Rent $11,000 / year
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0About Launceston 7250
The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of 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 3,723 properties. Over the last 5 years, Houses in Launceston have seen a 43.28% increase in median value, while Units have seen a 23.52% increase. As at 31 December 2025:
- The median value for Houses in Launceston is $764,492 while the median value for Units is $486,282.
- Houses have a median rent of $510 while Units have a median rent of $450.
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