151-157 Brisbane StreetLaunceston TAS 7250
Property Details for 151-157 Brisbane St, Launceston
Last Listing description (September 2022)
Shepherd & Heap Commercial is delighted to offer for sale to open market 151-155 Brisbane Street Launceston, a superior corner CBD freehold investment opportunity.
This property is uniquely positioned on the Brisbane Street and Kingsway junction only 80 metres from The Mall, Launceston's premier retail precinct. Retail giants Target and Country Road are directly across the street, whilst Village Cinema's, KFC and Subway are all just a few doors along, all generating immense vehicular numbers and quality footfall past the property.
- A very well maintained, solid brick and concrete building
- Spread risk with two tenants
- Under rented - offers strong rental growth going forward
- Fixed annual compounding rent increases
- Secure long term leases in place
- Embellish: 5 year 4 mth lease plus 5 year Option to 2029
- Cafe: 6 year 6mth lease to August 2024
- $71,472pa net rental
$1,385,000
For further details please call Ian Singline or Blake Shepherd
Property History for 151-157 Brisbane St, Launceston, TAS 7250
- 12 Apr 2022Listed for Sale $1,385,000
- 18 Jun 2021Listed for Rent - Price not available
- 10 Mar 2021Listed for Sale EOI Offers Over $900,000
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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 3,721 properties. Over the last 5 years, Houses in Launceston have seen a 32.68% increase in median value, while Units have seen a 29.72% increase. As at 30 April 2026:
- The median value for Houses in Launceston is $831,502 while the median value for Units is $553,434.
- Houses have a median rent of $560 while Units have a median rent of $450.
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