24 Brisbane Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

24 Brisbane Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 70m2
Land area: 76m2
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Property Details for 24 Brisbane St, Launceston

Building Type
Commercial
Floor Size
70m2
Land Size
76m2
Local Government
Launceston

Last Listing description (February 2018)

BUSINESS, PLANT & EQUIPMENT ONLY FOR SALE.
This long established restaurant has been well maintained and patronized over the years with its beautiful period d cor. There are hundreds of hotel and motel rooms close by and within a short walking distance of the CBD. The current owners are looking to retire after 40 years in the hospitality industry and ten years in this very successful location.
The restaurant seats about 50 guests, which also includes a private function room at the rear and is currently only open Tuesday to Saturday. There is limitless potential for new owners to open every night for dinner,lunches and even breakfast.

This business will be sold as a walk-in walk-out and comes complete with furnishings, all plant and equipment that has been well maintained and replaced when needed. The S.A.V. which includes wine is in the approximate range of $25,000, this may vary on any given time or to the new buyers needs.
There is a long lease, which is extremely reasonable and includes one permanent car park at the rear. There are also two storage rooms under.
Imagine yourself and a partner being able to get out of your current mundane life and work your own business, work your own hours, create new dishes and have a GO!
Be your own Boss, No start-up costs, all ready to go!
All enquiries are strictly confidential.

Call me, Peter Haworth for your private discussion and viewing.

Property History for 24 Brisbane St, Launceston, TAS 7250

A timeline of how this property has performed in the market
  • 01 Sep 2017
    Listed for Sale All reasonable offers considered
  • 15 Apr 2016
    Listed for Sale $129,000 + SAV
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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 3,722 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.
There are currently 18 properties listed for sale, and 15 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 130 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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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.