172 Charles Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

172 Charles Street
Launceston TAS 7250

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Property Details for 172 Charles St, Launceston

Building Type
Commercial
Year Built
1880
Local Government
Launceston
Lot/Plan
1/33566

Last Listing description (December 2023)

Positioned for Excellence

Harrison Agents Launceston are proud to exclusively present for lease 172 Charles Street, Launceston.

An unparalleled opportunity awaits for a business not only seeking a prestigious location in the high-profile end of the Launceston CBD, but to create a space that aligns with your vision. Rarely do such opportunities arise, especially in a locale surrounded by a vibrant array of trendy hospitality establishments, capitalising on the existing clientele in the vicinity.

Whether you're envisioning a captivating dining experience, inviting boutique space or another venture (STCA), the property's layout remains adaptable to meet your diverse business needs. The property will be renovated to a cold shell where finishes and services are yet to be installed, at the responsibility of the tenant. This includes both the structural refurbishment (such as plumbing and lighting locations) and the final fit-out and aesthetic (such as lighting, flooring, colours, tiles etc).

Early engagement with the property owner in negotiations is key, as it allows for greater flexibility in customising the cold shell and renovation. More comprehensive work can be seamlessly integrated as part of the renovation process.

To explore this remarkable lease opportunity further and to discuss how this space can be transformed to reflect your business aspirations, please get in touch with me via email or by phone at 0472 828 124.

For Lease via Expression of Interest with no closing date.

Note: Images provided are for illustrative purposes only.

Property History for 172 Charles St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$850,000
28 Oct 2022
  • 26 Sep 2023
    Listed for Rent - Price not available
  • 28 Oct 2022
    Sold - Price Undisclosed
  • 04 Oct 2022
    Listed for Sale Contact Agent
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About 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.
There are currently 28 properties listed for sale, and 14 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 119 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.