19 Dowling StreetLaunceston TAS 7250
Property Details for 19 Dowling St, Launceston
Last Listing description (May 2023)
An exceptionally rare opportunity to secure this low-risk warehousing complex, featuring three separate warehouses on one clear title. Positioned just 1.5km from the Launceston GPO in a coveted and strategic pocket of the city ideal for distribution warehousing, lighter manufacturing or city retail storage.
Warehouse 1 will be sold with vacant possession, ready to move in or alternatively will conservatively lease for $35,000pa + Outgoings + GST
Warehouse 2 is coming to the end of the current 5 year lease term with a 5 year option thereafter. Strong income uplift is sure to occur should the tenant exercise its option or if the tenancy was re-leased.
Warehouse 3 has been extensively refurbished and features A grade office, along with full height warehousing, this tenancy is subject to a 3 + 3 + 3 year lease with current net rental income of $68,750pa + Outgoings + GST
The long term future of the site is bright and clear opportunities are available for those wanting to add value for further growth - certainly a property that must be considered.
For further details contact Blake Shepherd or Joel Harwood.
Property History for 19 Dowling St, Launceston, TAS 7250
- 06 Apr 2023Listed for Sale Contact Blake Shepherd or Joel Harwood
- 21 Sep 1991Sold for $82,500
- 16 Jun 1989Sold for $65,000
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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 3,720 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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