128 Wellington StreetLaunceston TAS 7250
Property Details for 128 Wellington St, Launceston
Last Listing description (November 2023)
JLL Retail Investments in conjunction with Stonebridge have the privilege of offering for sale Coles Launceston, a strong performing freehold supermarket, on a large 5,590sqm* landholding with exceptional development upside.
Key details of the opportunity include:
+ 5-year NET lease with only one further option providing exceptional flexibility
+ Plans in place to develop a new full-line 3,600sqm* supermarket providing the ability to create the best freestanding supermarket in Launceston
+ On the doorstep of the Launceston CBD (<1km), and 200m* from the major Launceston Hospital
+ Highly convenient at-grade car parking for 110 vehicles
*Approx.
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
JLL
Tom Noonan | + 61 402 319 698
Stuart Taylor | +61 428 000 000
Jarrod Herscu | +61 418 155 062
MingXuan Li | +61 498 688 998
Stonebridge
Rorey James | +61 439 400 081
Kevin Tong | +61 422 848 818
Justin Dowers | +61 438 098 805
Property History for 128 Wellington St, Launceston, TAS 7250
- 25 Jun 2024Sold for $15,000,000
- 14 Sep 2023Listed for Sale Contact Agent
- 09 Sep 2015Sold for $9,750,000
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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 3,721 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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