259 Charles St, Launceston is a 1 bedroom, 3 bathroom House with 4 parking spaces and was built in 1870. The property has a land size of 374m2 and floor size of 169m2. While the property is not currently for sale or for rent, it was last sold in February 2020.
Situated in the heart of Launceston is this impressive property offering a sound business or investment opportunity. The property offers 5 professional rooms, as well as a well-appointed kitchen, laundry, bathroom and two toilets. Off-street parking for up to 4 cars and ample storage space provided. • Professional rooms available in the heart of Launceston• Wonderful street appeal and beautiful original character features throughout.• Could be returned to a prestigious private home if desired. • A generous floorplan, well fitted out by current tenants.• Immaculate interior with excellent natural light • Low-maintenance property – both internally and externally• Currently under a commercial lease until February 2020 with a 3-year renewal option – returning approximately $2337 per month with yearly CPI increases.• An excellent opportunity for business owners, professionals and investors alike• Ideally located on highly sought-after Charles Street, close to major medical facilities, popular cafes, restaurants, shops, and all city conveniencesCouncil rates: $744 p/q approx.Water rates: $302 p/q approx. Land size: 376m2 approx.Building size: 159m2 approx. Rental estimate: Currently leased at $2337 per month with annual CPI increase until 2023.Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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 3,722 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:
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