70A Brisbane StreetLaunceston TAS 7250
Property Details for 70a Brisbane St, Launceston
Last Listing description (April 2016)
A 'mixed use' investment comprising 2 retail shops, and 2nd floor residential apartments. Plans have been drawn up to convert the 1st floor to residential use
One shop has been occupied since 2008 when the lease commenced and is currently in holding over. This shop is returning approx. $34,000 pa plus outgoings. The other shop is vacant. The 2x 2nd floor flats return approx. $19,250 pa.
The property comprises 2 titles and is very well located in the retail strip of Brisbane Streets 'Avenue'.
Be part of Launceston's revitalised CBD under the 'City Heart ProjectnFor Sale by Expressions of Interest closing Friday, 15 April 2016 at 4pm.
Property History for 70a Brisbane St, Launceston, TAS 7250
- 15 Apr 2016Sold for $935,000
- 10 Mar 2016Listed for Sale EXPRESSIONS OF INTEREST
- 02 May 2000Sold for $615,000
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0About 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.
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