47A Brisbane StreetLaunceston TAS 7250
Property Details for 47a Brisbane St, Launceston
Last Listing description (March 2021)
Three storey commercial property fronting Launcestons main retail street. Long term tenants in place. The ground floor comprises two tenancies one with great retail frontage onto Brisbane Street while the other has frontage onto Earls Court. The first and second floors comprise single tenancies currently configured as office space, one is tenanted and the other vacant. The annual rental net of outgoings and GST across the building on a fully let basis is approximately $34,245. This is an excellent chance for an investor looking to secure a commercial property with multiple tenancies and great frontage onto Brisbane Street. The property also offers scope for future development.
Property History for 47a Brisbane St, Launceston, TAS 7250
- 10 Nov 2020Listed for Sale SOLD - $349,000
- 06 Jul 2017Listed for Rent - Price not available
- 22 Sep 2016Listed for Rent $565 / week
Recent sales nearby
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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 3,722 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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