Enjoying excellent frontage onto York Street and over two floors in an area that has experienced recent redevelopment nearby, this CBD property represents a great opportunity to secure a site that would suit a range of uses. Offered for sale with vacant possession there is scope for an owner occupier or investors. The added advantage offered by off street car parking accessed via Vincent Street can be capitalised on along with the extensive improvements, excellent natural light, and potential to divide the ground and first floor for dual occupation - either commercial across both floors or a mix of commercial and residential (STCA).
On 607m2 of land construction is predominantly brick and concrete and the site coverage is extensive. Front and rear windows provide good natural light and the internal partitioning appears to be largely non structural allowing for an easy refit. The rear ground area of the property is paved and offers pedestrian access along with parking for three cars. Two of these parks are secure.
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 3,721 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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