43 Charles StreetLaunceston TAS 7250
Property Details for 43 Charles St, Launceston
Last Listing description (December 2014)
Riverview Hotel
The Riverview Hotel is perfectly located and with business picking up it is perfect timing for new licencee's to take it to the next level. The surrounding area boasts a number of established businesses which are attracting increasing foot traffic in the vicinity and there are future developments mooted that will only further enhance the business opportunities for this prominent hotel.
Currently the Riverview Hotel is a popular meeting place for regulars and with many Launceston attractions within easy walking distance, tourists are constantly stopping by for a drink and a quality meal.
Currently the business is not taking full advantage of the licence held, as the owners are slowing down and looking towards retirement. They have enjoyed over 24 successful years in the establishment and are now ready to sell and retire, however they would be willing to consider a lease and would even be prepared to put finance back into the property if suitable terms can be agreed to.
New licencees and a fresh business plan is all that is needed to see many facets of this ideal business reinvigorated to take advantage of the passing trade and developments currently underway in the area.
The hotel has operated continuously since 1850 and has a rich history. The Riverview Hotel is now looking for the next publican to take it to the next level in a growing and thriving area on the edge of this wonderful city.
Launceston Attractions within walking distance:
Central City, City Park, Royal Park, Cataract Gorge, Queen Victoria Museum and Art Gallery
Existing and Potential New Developments Nearby:
Seaport, Boags Brewery and Visitor Centre, Hog s Breath Cafe, Silos Hotel and Function Centre, Bunnings Warehouse, C.H. Smith Lifestyle Centre, and beer giant Lion s redevelopment of the Tullochs Auctions site
Property History for 43 Charles St, Launceston, TAS 7250
- 19 Feb 2018Sold for $1,150,000
- 04 Jun 2015Sold for $1,100,000
- 09 Aug 2013Listed for Sale 1390000
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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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