SOLD
Sold on 08 Apr 2024 for $174,000

310/3-11 Earl Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 26m2
Land area: 26m2
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Property Details for 310/3-11 Earl St, Launceston

Building Type
Commercial
Year Built
1975
Floor Size
26m2
Land Size
26m2
Local Government
Launceston
Lot/Plan
310/151040

Last Listing description (October 2024)

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 to Best Western (4.5 star hotel)
- Consistent returns - all outgoings including capital paid by tenant.

- Substantial depreciation benefits - reduce tax payable (seek independent advice)
- Bank guarantee in place
- 4 free nights included per year at the hotel in Launceston or Hobart

Please drop us an email or give us a call.

*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.

Boundary lines are indicative only.

Property History for 310/3-11 Earl St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$174,000
08 Apr 2024
  • 08 Apr 2024
    Sold for $174,000
  • 17 Nov 2023
    Listed for Sale $185,000
  • 13 Jul 2007
    Sold 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 3,722 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.
There are currently 31 properties listed for sale, and 38 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 116 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Contact agent
Rianna Wood
Show contact details
Peter Lees Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.