186-188 Charles StreetLaunceston TAS 7250
Property Details for 186-188 Charles St, Launceston
Last Listing description (March 2024)
Located opposite Princes Square, and nestled amongst a myriad of trendy hospitality offerings, 186 Charles St has been the home of one of Launcestons best fine dining experiences, Geronimos Bar & Restaurant since 2015.
Howell Property Group is pleased to be offering the opportunity to purchase this property on a vacant possession basis inclusive of all plant & equipment in this incredibly well fitout venue.
The propertys sophisticated interior, furnished with pieces handcrafted from the recycled timbers of the old Launceston Seaport boardwalk, provides a modern dining venue appropriate for a wide range of culinary styles.
The properties front of house opens up to a fantastic set out and maintained commercial kitchen boasting multiple walk in cool rooms, employee amenities as well as back office and storage areas. There is also great upside to be found on the buildings first level, which whilst presently in an underutilised state enjoys picturesque views of Princes Square across Charles St.
If you are an existing or budding operator in this industry this property represents an outstanding turn-key opportunity situated on one of Launcestons best regarded dining strips.
- Scenic location opposite Princes Square
- Located within a recognised and growing hospitality location
- All plant and equipment included
- Exceptionally fit out hospitality tenancy
- Flexible urban mixed-use zoning
- Opportunities for further refurbishment and/or development (STCA)
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
Property History for 186-188 Charles St, Launceston, TAS 7250
- 03 May 2024Sold for $1,650,000
- 20 Nov 2023Listed for Rent - Price not available
- 07 Sep 2023Listed for Sale Best offer over $1,900,000
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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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