FOR SALE
Offers over $595,000

94 Elizabeth Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 2
Car spaces: 2
Floor area: 176m2
Land area: 149m2
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A Heritage Gem with Endless Potential!

Discover this charming building, rich in heritage, set on a rare dual-frontage parcel of land with 4.88m on both Elizabeth Street and Benders Lane. This unique opportunity combines the allure of history with the promise of future development.
Key Features:
Income Generation: Long-standing ground floor business providing immediate revenue.
Development Potential: Clear avenues for multi-level new builds, previously approved, perfect for maximizing this prime location.
Zoning: Coveted 'Urban Mixed' use overlay, opening doors to a variety of uses.
Land & Building Size: Approx. 150m² land / 176m² building, providing ample space for your vision.
Versatile Opportunity: Ideal for developers, investors, or as a city pad.
This property is highly recommended for buyers seeking income, growth, and significant upside in a tightly held market. Don't miss your chance to secure this exceptional offering!
Contact us today to arrange a viewing!
Jenkins & Co Property Tasmania have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property Details for 94 Elizabeth St, Launceston

94 Elizabeth St, Launceston is a 1 bedroom, 2 bathroom Other with 2 parking spaces. The property has a land size of 149m2 and floor size of 176m2. The place is currently for sale with Jenkins & Co.

Building Type
Other
Floor Size
176m2
Land Size
149m2

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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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Phillipa Jenkins
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