1/92 Elizabeth StreetLaunceston TAS 7250
Property Details for 1/92 Elizabeth St, Launceston
Last Listing description (November 2023)
This prominently located, ground floor property forms part of a beautiful terrace lined part of Elizabeth Street on Launcestons CBD edge. In an area full of heritage charm but bustling with vibrant commercial activity and the comings and goings of the residents in the many first floor residential conversions, this appealing property has much to offer. The area comprises a mix of restaurants, bars, retailers and service providers and is within close proximity to the beautiful Princes Square and only a couple of blocks from the Brisbane Street Mall.
- Forms Part of a character Victorian Terrace lined street.
- Excellent frontage onto Elizabeth Street with access via Benders Lane to the rear.
- Versatile and affordable property on the CBD edge
- Coveted Urban Mixed Use zoning.
- Monthly tenancy allows flexibility and opportunity to renegotiate terms and improve rental or utilise the property for your own business.
The existing business, Tasmanian Hazara Market, on site has been in occupation since 2017. They are currently occupying on a monthly tenancy. Details of the current rental are available upon request.
Here is an excellent opportunity to secure a property in a tightly held market. Start building your commercial property portfolio with an affordable opportunity, build onto your existing portfolio or secure a site long term for your own business.
The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd. by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the property.
Humphreys Real Estate Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.
Property History for 1/92 Elizabeth St, Launceston, TAS 7250
- 10 Jul 2024Sold for $295,000
- 11 Jul 2023Listed for Sale $350,000.00 ex any GST
- 23 Sep 2019Sold for $222,800
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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 3,720 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.
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