57-63 Elizabeth Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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57-63 Elizabeth Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 626m2
Land area: 1327m2
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Property Details for 57-63 Elizabeth St, Launceston

Building Type
Commercial
Year Built
1955
Floor Size
626m2
Land Size
1327m2
Local Government
Launceston
Lot/Plan
1/45145

Last Listing description (January 2024)

Everybody knows Tasmanian Vacuum Cleaner Co in Elizabeth Street in both Launceston, a business with a reputation for quality products and top service.

This business has stood the test of time and has great potential to be taken to a higher level, by an energetic new operator.

Income is generated from the sale of first-class cleaning machines both for commercial and domestic purposes, repairs, sale of accessories and parts.

There are qualified long-standing staff in place, owner willing to train and to stay on for a period of time.

This business is in a league of its own in that it services what it and other retailers sell.

Upside and potential to increase the business wouldn't be difficult.

The store is well presented, systems in place, new web site just completed, highly visible and in area where parking is readily available.

Sole retailing rights to some brands and warranty agreement for other brands.

Very reasonably priced, we sold the business next door and two businesses around the corner, don't be disappointed inquire now.

Contact Paul Scott email: pauls@tasbps.com.au ph 0477 771 098 or Praveen Pant 0432 256 682 email praveenp@tasbps.com.au

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. NOTE: All figures are approximate.

Property Code: 806

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Property History for 57-63 Elizabeth St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$310,000
09 Jun 1989
Listed for Rent
$27k/w
27 Nov 2023
  • 28 Aug 2023
    Listed for Rent - Price not available
  • 02 Aug 2023
    Listed for Sale By EOI
  • 16 May 2019
    Listed for Sale by EOI
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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 3,721 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:

  • The median value for Houses in Launceston is $831,502 while the median value for Units is $553,434.
  • Houses have a median rent of $560 while Units have a median rent of $450.
There are currently 18 properties listed for sale, and 14 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 128 properties were sold in the past 12 months in Launceston.

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