85-89 Paterson StreetLaunceston TAS 7250
Property Details for 85-89 Paterson St, Launceston
Last Listing description (February 2021)
It is not every day that grand old properties in the Launceston CBD become available for sale. 91 Paterson Street, constructed in approx. 1840 and most well known as the Court House Hotel, is an opportunity that should not be missed by developers, investors and owner occupiers alike.
The property is situated in a high-profile location on the corner of Paterson & Wellington Street and is currently being utilised as an owner occupied office. The exterior of the property features a prominent faade that any business would be proud to call home, to the rear of the property is secure parking for approx. 11 vehicles something of a rarity these days. Inside are twelve offices, large meeting room, open plan admin space, toilets / shower, kitchen, storage rooms and large basement.
91 Paterson Street is being sold with vacant possession this is an outstanding opportunity right in the heart of the Launceston CBD.
Offers are invited over $1,200,000
-Land 632m2 approx.
-Building 390m2 approx.
-Zoning 15.0 Urban Mixed Use
-Central location 200m from the Brisbane St Mall
-Ducted air conditioning / heat
-Solar power on roof of building
-Kitchen / Shower / Toilets
-Secure parking for approx. 11 vehicles
-NBN ready
Outgoings: (estimates based on previous financial year)
Land Tax: $4,900.27
Council Rates: $8,189.80
TasWater: $830.86
To learn more about this property, contact Andy at Howell Property Group.
Property History for 85-89 Paterson St, Launceston, TAS 7250
- 18 Feb 2021Listed for Sale Contact Agent
- 09 Sep 2020Listed for Sale $1,200,000
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0About Launceston 7250
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 3,725 properties. Over the last 5 years, Houses in Launceston have seen a 26.79% increase in median value, while Units have seen a 15.50% increase. As at 31 July 2026:
- The median value for Houses in Launceston is $873,912 while the median value for Units is $559,475.
- Houses have a median rent of $590 while Units have a median rent of $450.
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