98 Wellington StreetLaunceston TAS 7250
Property Details for 98 Wellington St, Launceston
Last Listing description (March 2021)
Situated on busy Wellington Street close to the corner of Canning St, this multi-use property offers excellent frontage and profile. The property, zoned "Commercial" under the Interim Launceston Planning Scheme 2015, offers various retail and office/storage accommodation across three levels. Offered for sale with vacant possession of the ground and first floors and with a tenant in place in the basement until 2020. This is a great opportunity for investors to develop the vacant areas for high impact retail use or for owner occupiers to move your business to this space with the added benefit of rental income from the basement area off-setting your costs of ownership.
Property History for 98 Wellington St, Launceston, TAS 7250
- 10 Aug 2021Sold for $1,600,000
- 26 Jul 2018Listed for Sale $795,000 ex any GST
- 04 Aug 2017Listed for Sale $795,000 ex any GST
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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 3,722 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.
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