171-173 Charles StreetLaunceston TAS 7250
Property Details for 171-173 Charles St, Launceston
Last Listing description (March 2021)
Well located retail property on 448m2 of land, positioned prominently on the Charles Street retail strip between York Street and the Brisbane Street Mall. The property has good frontage and is a high profile site.
Currently tenanted until January 2019 with 2 x 2 year options by local sports merchandise and memorabilia business Balls and Bumpers'. At the rear is a large area (currently vacant) suitable for additional development which extends to a well serviced Right of Way access off York Street.
This is a unique opportunity to secure a CBD tenanted investment property on a very well regarded strip. Centrally located, it offers much scope for additional commercial and/or residential development (Subject to Council Approval).
Property History for 171-173 Charles St, Launceston, TAS 7250
- 22 Aug 2018Listed for Rent $20,000 / year
- 26 Jul 2018Listed for Sale Expressions of Interest
- 16 Jan 2018Listed for Rent $20,000 / year
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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 3,725 properties. Over the last 5 years, Houses in Launceston have seen a 26.79% increase in median value, while Units have seen a 15.50% increase. As at 31 July 2026:
- The median value for Houses in Launceston is $873,912 while the median value for Units is $559,475.
- Houses have a median rent of $590 while Units have a median rent of $450.
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