217/3-11 Earl StreetLaunceston TAS 7250
Property Details for 217/3-11 Earl St, Launceston
217/3-11 Earl St, Launceston is a 0 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 30m2 and floor size of 29m2. While the property is not currently for sale or for rent, it was last sold in June 2018.
Last Listing description (July 2018)
We are pleased to present this fantastic long term investment opportunity; to purchase a new unit in a well known Launceston City Hotel, and have it permanently leased on a long term basis to the Hotel!
- Long term blue chip lease (20 years) to Best Western (4.5 star hotel)
- 6-7% net return - all outgoings including capital paid by tenant.
- Bank guarantee in place
- 4 free nights included per year at the hotel in Launceston or Hobart
This room is approx. 10% bigger than all the other rooms in the hotel; it is equipped to sleep 2 adults and 2 children, furthermore: it's a corner room!
Please drop us an email or give us a call, I would love to have a chat to you about this exciting opportunity and send you an information pack on the money you would be earning from this investment. Don't forget, at the end of the day, you own the room on a strata title too!
Property History for 217/3-11 Earl St, Launceston, TAS 7250
- 02 Jun 2018Sold for $148,000
- 09 Mar 2018Listed for Sale $155,000
- 08 Aug 2007Sold for $150,000
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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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