139 St John StreetLaunceston TAS 7250
Property Details for 139 St John St, Launceston
139 St John St, Launceston is a 5 bedroom, 3 bathroom Unit and was built in 1900. While the property is not currently for sale or for rent, it was last sold in December 1993.
Last Listing description (December 2025)
Versatile Mixed-Use Property with Commercial & Residential Income
An exciting and highly versatile investment opportunity, this landmark property delivers an exceptional mix of commercial and residential income streams, all within one substantial holding.
The property comprises two separate commercial spaces at street level. One tenancy is currently occupied as a gym and has been freshly updated, providing immediate rental return. The second space, long established as a caf, will be offered vacant presenting a rare opportunity for a new owner or tenant to create a vibrant town hub or reimagine the space for an alternative commercial use (STCA).
Positioned above, the standout apartment offers impressive scale and character, featuring three large bedrooms, generous living and dining areas, a separate kitchen, and beautiful high ceilings that enhance its timeless appeal.
The apartment is currently rented for $500 per week, contributing a strong residential income stream. Access is available via a residential lift or stairs, adding both convenience and accessibility.
Further enhancing the offering is a separate two-bedroom cottage located at the rear of the property. This additional dwelling presents outstanding flexibility, ideal as a further rental, staff accommodation, or private residence, adding yet another layer of income potential and value to the overall asset.
11 secure parking spaces at the rear of the property, all currently rented, complete the package, a highly sought-after feature in mixed-use holdings.
Offering diversified income, future upside, and remarkable flexibility, this unique property will appeal to astute investors, owner-occupiers, and those seeking a high-quality mixed-use opportunity with the ability to shape a true destination within the community.
Inspections by appointment only - 48 hours notice will be required
*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Boundary lines are indicative only.
Property History for 139 St John St, Launceston, TAS 7250
- 23 Dec 2025Listed for Sale Smartre Sale $1,670,000
- 28 May 2025Listed for Sale Offers Over $1.65 Million
- 13 Feb 2025Listed for Sale Offers Over $1.8 Million
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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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