FOR SALE
OFFERS OVER $120,000+SAV

111 Brisbane Street
Launceston TAS 7250

Bedrooms: -
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Floor area: 1m2
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Prime Location Netting >$100k Est 30+Years 1 Working Owner Highly Sought After What's New Launceston

Discover a fantastic opportunity in the heart of Launceston CBD at What's New Launceston.
With just 25 hours per week, you can earn excellent profits as an owner-operator. Specializing in a diverse range of gifts, AFL merchandise, collectables & name and age gifts, this exclusive business has been transformed by its current owner of over 5 years.
Located in Brisbane St Mall, the service counter strategically offers a 360-degree view near the entrance, and ample storage is included in the lease.
Extensive plant and equipment, including a branded car valued at approximately $20k, are part of the sale.
Huge potential to increase the business by setting up an online store.
Operational flexibility allows for single-person management during off-peak hours and additional staffing during peak times.
New 5+5 year lease will be available for the incoming owner.
If you are a couple or anyone looking to get into novelties and gifts retail then this is an outstanding business.
There is limited to no competition for the range offered by What's New in Launceston.
Established supplier network available, introductions will be made once the sales contract is unconditional.
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Property Details for 111 Brisbane St, Launceston

Building Type
Commercial
Floor Size
1m2

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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 2011 was 2,897 people. By 2016 the population was 2,929 showing a population growth of 1.1% 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 $1000 - $1399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation. In 2011, 47% of the homes in Launceston were owner-occupied compared with 48.2% in 2016.

Launceston has 3,717 properties. Over the last 5 years, Houses in Launceston have seen a 53.73% increase in median value, while Units have seen a 42.25% increase. As at 31 October 2024:

  • The median value for Houses in Launceston is $734,272 while the median value for Units is $497,284.
  • Houses have a median rent of $480 while Units have a median rent of $430.
There are currently 30 properties listed for sale, and 27 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 116 properties were sold in the past 12 months in Launceston.

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