170-178 Elizabeth Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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170-178 Elizabeth Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3158m2
Land area: 7393m2
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Property Details for 170-178 Elizabeth St, Launceston

Building Type
Commercial
Year Built
2006
Floor Size
3158m2
Land Size
7393m2
Local Government
Launceston
Lot/Plan
1/145908

Last Listing description (June 2019)

Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne

Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures

Landmark position only 750 metres from Launceston GPO
Impossible to replicate in terms of scale and strategic position
Close to major Woolworths and Dan Murphy's
Extremely rare, almost entire city block, affording
4 major CBD frontages totalling 290 metres
Extensively redeveloped to exceptional standard and presentation
Launceston: Tasmania's 2nd largest city with 80,000+ people

Net income $883,423 pa + GST

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Property History for 170-178 Elizabeth St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$11,299,000
21 May 2019
  • 05 Jun 2019
    Listed for Sale Contact Agent
  • 21 May 2019
    Sold for $11,299,000
  • 08 Mar 2019
    Listed for Sale Not Disclosed
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About 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.
There are currently 20 properties listed for sale, and 13 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 125 properties were sold in the past 12 months in Launceston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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