287 Wellington StreetSouth Launceston TAS 7249
Property Details for 287 Wellington St, South Launceston
Last Listing description (April 2017)
An opportunity to acquire a strong commercial location on one of Launcestons busiest arterials. Owner occupy or redevelop / lease with an existing 1357m2 of building footprint over two titles consisting of 2553m2 of land.
Leased to the State Government on a month by month at Will arrangement leaving scope for possible vacant possession.
As is the site is currently returning approx $120,000 of Net Rent pa and boasts up to 24 on site car parks.
This solid and substantial office/workshop commercial property is located on the corner of Wellington and Garfield Street in a strong commercial and business area of South Launceston with good visual display and vehicular access off Garfield with Wellington Street being the main traffic route from the city to the southern suburbs of Launceston.
Consists of two-storey office, separate amenities, separate workshop, two separate stores, one with amenities inclusive of separate tiled shower recess, wc, toilet and hand basin. Built in the late 1950s the landlord has in the past continued to upgrade.
33.27 metre street frontage onto Wellington Street and 51.85 metre street frontage onto Garfield Street (two titles).
Contact Marcus Douglas for more details and immediate inspection.
Property History for 287 Wellington St, South Launceston, TAS 7249
- 20 Oct 2015Listed for Sale For Sale By Offer
Recent sales nearby
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0About South Launceston 7249
The size of South Launceston is approximately 2.8 square kilometres. There are 8 parks, covering nearly 5.4% of the total area. The population of South Launceston in 2016 was 4592 people. By 2021 the population was 4894 showing a population growth of 6.6% in the area during that time. The predominant age group in South Launceston is 20-29 years. Households in South Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Launceston work in a professional occupation.In 2021, 51.20% of the homes in South Launceston were owner-occupied compared with 52.60% in 2016.
South Launceston has 2,430 properties. Over the last 5 years, Houses in South Launceston have seen a 44.47% increase in median value, while Units have seen a 41.15% increase. As at 31 July 2026:
- The median value for Houses in South Launceston is $672,635 while the median value for Units is $471,981.
- Houses have a median rent of $550 while Units have a median rent of $450.
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