96-102 St John Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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96-102 St John Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 54m2
Land area: 470m2
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Property Details for 96-102 St John St, Launceston

Building Type
Commercial
Year Built
1920
Floor Size
54m2
Land Size
470m2
Local Government
Launceston
Lot/Plan
1/175400

Last Listing description (December 2021)

Shepherd & Heap Commercial is delighted to present to the market this superb CBD property known as Crabtrees Corner, a rare investment opportunity ticking off all the boxes and featuring The Commonwealth of Australia as an anchor tenant.

Situated on the high profile corner of St John and York Streets just metres from the Brisbane Street Mall, the property is securely leased to a wide range of established commercial businesses offering a net income potential of $131,517pa displaying good future rental growth.

Features include:
- Renewed 3 + 3 year lease to Commonwealth of Australia (from July 2022)
- Multiple tenancy configuration for added underlying security
- High profile CBD location, metres from The Mall
- Large 754sqm building area
- Solid brick and concrete construction primed for future development (STCA)
- Net income potential of $131,517pa + GST

Shepherd & Heap recommends 96-102 St John Street as a quality investment and is worthy of serious consideration for adding to or starting an investment portfolio.

For further details, information memorandum or contract of sale contact Joel Harwood.

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Property History for 96-102 St John St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,105,000
04 Sep 2003
Listed for Rent
$400/w
09 Jun 2020
  • 07 Dec 2021
    Listed for Sale $2.25million
  • 09 Jun 2021
    Listed for Sale For Sale- By Offer
  • 07 Jun 2018
    Listed for Sale EXPRESSIONS OF INTEREST
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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 3,723 properties. Over the last 5 years, Houses in Launceston have seen a 41.37% increase in median value, while Units have seen a 27.53% increase. As at 31 January 2026:

  • The median value for Houses in Launceston is $766,540 while the median value for Units is $497,845.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 26 properties listed for sale, and 13 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 119 properties were sold in the past 12 months in Launceston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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