FOR SALE
$720,000

Paterson Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 185m2
Land area: 185m2
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A compact investment.

The top floor of EXA house, one of the most iconic structures in the CBD, is now available for purchase.
This 185m2 strata title lot is home to 5 small office tenancies + common amenities generating a net rental income approaching $50k p.a..
In addition to that, the property will come with two dedicated car spaces located at the rear of the building.
As demonstrated by its occupancy level, this property provides a sought-after level of office accommodation with tenancies all sporting reverse cycle air conditioning, lift access from ground floor as well as high speed Blue Ocean Gigabit NBN, all within 100m for the Brisbane Street Mall.
It is these features that have allowed the current owners to achieve a rental rate approaching $500 per m2 across the property's net lettable area of 132m2.
- Multi tenancy property with high occupancy
- Reverse cycle air conditioning
- Lift access from ground floor
- Blue Ocean Gigabit NBN Ready / one of the few in Launceston
- 100m from the Brisbane Street Mall
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Property Details for 7/67-75 Paterson St, Launceston

Building Type
Commercial
Floor Size
185m2
Land Size
185m2

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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 3,722 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 31 properties listed for sale, and 30 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

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Andy Howell
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