185/185 Charles StreetLaunceston TAS 7250
Property Details for 185/185 Charles St, Launceston
Last Listing description (March 2022)
In the heart of the city is a unique opportunity to develop a multi use premises for a mix of retail, accomodation and inner city living. The stunning facade hides a blank canvas opportunity for the astute buyer/investor to create (STCA) an amazing muti level apartment, or potentially a number of apartments and also further develop the retail space/s. The property is currently used for a business however mixed use of retail/residential is the ideal outcome providing multiple potential income streams. With soaring ceiling height upstairs the development potential can be unleashed. The front facade of the building is Heritage listed, however internally anything is possible, and rooftop development (STCA) is a real consideration. The property is strata titled. Call today for full details and to discuss this unique opportunity. GST is applicable for the sale of this property.Saunders Property Group has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Property History for 185/185 Charles St, Launceston, TAS 7250
- 06 Aug 2020Listed for Sale Offers Above $520,000 + GST
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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 41.37% increase in median value, while Units have seen a 27.53% increase. As at 31 January 2026:
- The median value for Houses in Launceston is $766,540 while the median value for Units is $497,845.
- Houses have a median rent of $510 while Units have a median rent of $450.
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