38 St John StreetLaunceston TAS 7250
Property Details for 38 St John St, Launceston
Last Listing description (July 2018)
An absolute stunning freehold investment property, the Bendigo Bank building is a magnificent private treaty sale offering to the market featuring:
. Prime CBD corner address just one block from 'Mall' and 'Avenuen. Launcestons finest example of early colonial architecture
desirable tenancies
. Incorporates the Stables and Coach Shelter buildings at rear
. Impeccable presentation and condition, extensively refurbished
throughout in recent years
. Strong letting history and exceptional tenant profile, includes
ASX listed Bendigo & Adelaide Bank Ltd as anchor tenant and
Australian Education Union
. Significant covenant strength and lease security with longer term
tenant stability
. Quality blue chip investment status
. Fully leased, passing net rent $138,000pa approx
For further details, IM report and inspections contact Ian Singline - formal offers over $2.2m invited now.
Property History for 38 St John St, Launceston, TAS 7250
- 23 Jul 2018Sold for $2,150,000
- 25 Jun 2018Listed for Sale Formal Offers Invited Now
- 05 Mar 2001Sold for $550,000
Recent sales nearby
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0About 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 3,722 properties. Over the last 5 years, Houses in Launceston have seen a 43.28% increase in median value, while Units have seen a 23.52% increase. As at 31 December 2025:
- The median value for Houses in Launceston is $764,492 while the median value for Units is $486,282.
- Houses have a median rent of $510 while Units have a median rent of $450.
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