417/3-11 Earl StreetLaunceston TAS 7250
Property Details for 417/3-11 Earl St, Launceston
Last Listing description (April 2021)
Are you looking to diversify you portfolio? If so then this ones for you.
We are pleased to present this fantastic investment opportunity to purchase a unit in a well known Launceston CBD Hotel and have it managed and leased on a long term basis by a world wide hotel chain
** Long term blue chip lease to Best Western plus - 4.5 star hotel.
** Bank guarantee in place.
** 4 free nights included per year at the hotel in Launceston or Hobart.
If this sounds interesting to you and your in the market for a new investment, give me a call to discuss today and Don't forget, at the end of the day you own the room on a strata title too!
Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Property History for 417/3-11 Earl St, Launceston, TAS 7250
- 29 Mar 2021Sold for $159,000
- 25 Feb 2021Listed for Sale $169,000
- 25 Aug 2007Sold for $150,000
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 29.47% increase in median value, while Units have seen a 24.45% increase. As at 31 May 2026:
- The median value for Houses in Launceston is $854,205 while the median value for Units is $556,922.
- Houses have a median rent of $580 while Units have a median rent of $450.
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