A fully leased, Victorian-era retail investment in the heart of Launcestons CBD. Positioned on one of the citys highest-traffic streets just a block from the Brisbane Street Mall, 67 George Street offers exceptional street exposure, an iconic period facade, and two quality tenancies generating combined net income of circa $50,000 per annum ex GST.
Both tenancies are well-presented and in good order, meaning an incoming purchaser can expect minimal capital expenditure requirements from day one.
The size of Launceston is approximately 4.5 square kilometres. There are 13 parks, covering nearly 16.4% of the 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 3,726 properties. Over the last 5 years, Houses in Launceston have seen a 19.01% increase in median value, while Units have seen a 16.62% increase. As at 30 September 2026:
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