515/3-11 Earl StreetLaunceston TAS 7250
Property Details for 515/3-11 Earl St, Launceston
Last Listing description (November 2023)
An opportunity to purchase your own strata hotel suite in the booming Tasmanian tourism sector.
Fully operated and managed tenancy with your income paid monthly in advance with the security of a 10 + 10 year lease.
- 4 Star hotel operating as a Best Western Plus
- New 10 + 10 year lease in place with Best Western plus - 4 star hotel
- 6+% NET return with all outgoings paid by the tenant including building insurance.
- Part of the Best Western chain - one of 4,700 hotels worldwide
- Low maintenance Brick building fully refurbished
Sure to sell quickly to astute purchasers or SMSF buyers looking to place funds in a growing sector.
For further details contact Blake Shepherd or Joel Harwood.
Property History for 515/3-11 Earl St, Launceston, TAS 7250
- 18 Dec 2024Sold for $167,000
- 17 Nov 2023Listed for Sale $195,000 (each)
- 03 Dec 2007Sold for $300,000
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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 3,719 properties. Over the last 5 years, Houses in Launceston have seen a 45.45% increase in median value, while Units have seen a 34.92% increase. As at 30 November 2025:
- The median value for Houses in Launceston is $744,245 while the median value for Units is $498,010.
- Houses have a median rent of $510 while Units have a median rent of $460.
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