FOR SALE
$285,000 - $325,000

Franklin Street
George Town TAS 7253

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3392m2
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Prime Land Opportunity

Located at Lot 1 Franklin Street, George Town, this expansive 3392m² block offers an exceptional development opportunity. With prime access to the Bell Bay industrial area and excellent visibility for servicing George Town, the property is ideally positioned for your next project.
George Town boasts a wide range of amenities, including three schools, a modern hospital, supermarkets, hardware stores, and recreational facilities such as swimming centres and social clubs. A short 5 to 10-minute drive takes you to the picturesque Low Head precinct, known for its stunning beaches, further enhancing this property's appeal. Launceston is just 35 minutes away, and Launceston Airport is within an hour's drive, offering an ideal balance between work and lifestyle.
This property combines affordability, convenience, and significant development potential, making it a prime piece of real estate. In addition, George Town features over 100km of world-class mountain bike trails, cementing its place as a key destination in the North-East Tasmanian biking scene. Just 40 minutes from Launceston, it's the perfect hub for outdoor adventures.
A short moments drive or a 2-minute walk brings you to the heart of George Town, a popular coastal town known for its long, sandy beaches-perfect for swimming, surfing, and fishing. As Australia's third-oldest European settlement, George Town is also steeped in rich maritime history.
STCA options include development for units, a large shed and home, or a potential day-care facility.
Zoning: Vacant Residential
Disclaimer - We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigation.

Property Details for Lot 1 Franklin St, George Town

Building Type
Land
Land Size
3392m2

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About George Town 7253

The size of George Town is approximately 104.8 square kilometres. It has 26 parks covering nearly 26.7% of total area. The population of George Town in 2011 was 4,303 people. By 2016 the population was 4,338 showing a population growth of 0.8% in the area during that time. The predominant age group in George Town is 60-69 years. Households in George Town are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in George Town work in a labourer occupation. In 2011, 57.8% of the homes in George Town were owner-occupied compared with 59.2% in 2016.

George Town has 2,651 properties. Over the last 5 years, Houses in George Town have seen a 81.13% increase in median value, while Units have seen a 57.52% increase. As at 30 September 2024:

  • The median value for Houses in George Town is $369,532 while the median value for Units is $368,437.
  • Houses have a median rent of $380 while Units have a median rent of $280.
There are currently 51 properties listed for sale, and 10 properties listed for rent in George town on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in George town.

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Brad Ball
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