2/42 Brisbane StreetLaunceston TAS 7250
Property Details for 2/42 Brisbane St, Launceston
Last Listing description (March 2021)
2 / 42 Brisbane Street is an exciting opportunity for investors currently looking to purchase in the Launceston commercial property market. The property is fully tenanted with ground floor Joes Place For Hair having been in the building since 1980 and the upstairs health professionals commencing their lease 15 years ago.
Situated just over a block from the Brisbane Street Mall in a high foot traffic area, 42 Brisbane Street has been a valuable asset to the tenants that call it home. It would be fair to say that if the property became vacant in the future it would be relatively easy to lease.
Multi tenanted properties with strong long-term tenants in the CBD are becoming increasingly hard to find. This property presents very well, with a new roof amongst other renovation works conducted in the recent years. If you are looking for a long-term investment in the Launceston CBD, this one ticks all the boxes!
Features include:
-Fully tenanted investment with long term tenants
-Total net rental of $46,981 ex GST
-Prominent high traffic position on Brisbane Street
-Building: 301m2 approx.
-Land: 227m2 approx.
-Zoning Urban Mixed Use (15.0)
-Two car spaces on title
-Reverse cycle air conditioning
-Well-presented commercial property maintained to a high standard
Outgoings: (previous financial year)
Land Tax: $1,826.50
Council Rates: $2,948.68
TasWater: $1,823.00
To learn more about this property, contact Andy at Howell Property Group.
Property History for 2/42 Brisbane St, Launceston, TAS 7250
- 17 Feb 2021Sold for $805,000
- 28 Jan 2021Listed for Sale Contact Agent
- 24 Sep 2003Sold for $195,000
Recent sales nearby
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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 3,722 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.
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