24 Wellington StreetLaunceston TAS 7250
Property Details for 24 Wellington St, Launceston
Last Listing description (March 2024)
Seeking Expressions of Interest from operators looking to secure high exposure, ground level commercial space in close proximity to the Launceston CBD.
The redevelopment of the ground floor of the former Regal Press building at 24 Wellington Street will provide three fantastic new spaces that would all suit a wide range of commercial uses.
Two smaller street facing tenancies will provide 20-30m2 of space, prime for retail use, benefiting from exposure to circa 20K in passing traffic a day (AADT 2019).
The larger rear space of circa 400spm is flexible enough to be made suitable for a wide range of uses, but would best suit a medium size office or consulting business looking to secure a space design in line with their needs and requirements.
These new tenancies are all lettable individually or in combination with terms by negotiation.
- Multiple tenancies available
- High exposure location on arterial road
- To be developed to a high standard
- Common foyer and amenities
- Potential to work with landlord to meet your requirements
- Terms by negotiation
To learn more about this property, contact Andy or Ben at Howell Property Group.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
Property History for 24 Wellington St, Launceston, TAS 7250
- 15 Aug 2023Listed for Rent - Price not available
- 08 Mar 2022Sold for $1,800,000
- 17 Nov 2021Listed for Sale Offers invited over $1,750,000
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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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