16 Cimitiere StreetLaunceston TAS 7250
Property Details for 16 Cimitiere St, Launceston
Last Listing description (April 2011)
For sale by Public Auction on site Thursday 14 April 11am on site
Current Rent 52,000 per annum, plus GST.
Freehold Retail Investment Property fully leased on a long lease to quality tenants who paid good money when they purchased the business.
Land Area 513 m2 approx, Building Area 290 m2 approx, potential STCA to subdivide or develop another building on the remaining land next to the building which has two street frontages being a corner site.
Open Thursday 14 April from 12.30pm Auction 1pm on site, inspections prior by appointment.
Property History for 16 Cimitiere St, Launceston, TAS 7250
- 14 Apr 2011Sold for $560,000
- 18 Mar 2011Listed for Sale AUCTION 14/04/2011 1PM ONSITE
- 22 Dec 2006Sold for $290,000
Recent sales nearby
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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 3,721 properties. Over the last 5 years, Houses in Launceston have seen a 37.53% increase in median value, while Units have seen a 34.57% increase. As at 31 March 2026:
- The median value for Houses in Launceston is $827,043 while the median value for Units is $559,133.
- Houses have a median rent of $560 while Units have a median rent of $450.
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