SOLD
Sold on 17 May 2024 for $1,030,000

38/61-63 George Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 103m2
Land area: 164m2
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Property Details for 38/61-63 George St, Launceston

Building Type
Commercial
Floor Size
103m2
Land Size
164m2
Local Government
Launceston
Lot/Plan
38/54574

Last Listing description (March 2023)

Completely fitted food premises available to purchase or lease containing full kitchen and equipment (including newly fitted grease trap and exhaust system). Immaculately presented, the tenancy has never traded and therefore all items, fixtures and fittings are new providing new operators an extremely rare opportunity in the tightly held Launceston hospitality scene.

The tenancy is split into three distinct areas commercial kitchen, central dining and cafe sale/takeaway or dine-in, catering for 70 patrons. There is clear possibility for purchasers to subdivide (stca) as the property could certainly be run as separate operations.


- Approximate 179m2 tenancy area
- Outstanding carparking at front door
- Well recognised central city location
- Brand new fit-out to extremely high standard

We are seeking expressions of interest from tenant operators who can demonstrate their plans to succeed with a proven track record in the hospitality industry. For buyers the property is for sale by offer and we welcome interest on a walk in walk out basis.

For further details contact Blake Shepherd or Joel Harwood.

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Property History for 38/61-63 George St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,030,000
17 May 2024
Listed for Rent
$1.25k/w
21 Mar 2023
  • 17 May 2024
    Sold for $1,030,000
  • 06 Dec 2022
    Listed for Rent - Price not available
  • 06 Dec 2022
    Listed for Sale Contact Blake Shepherd or Joel Harwood
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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 3,744 properties. Over the last 5 years, Houses in Launceston have seen a 56.44% increase in median value, while Units have seen a 28.42% increase. As at 31 August 2024:

  • The median value for Houses in Launceston is $743,703 while the median value for Units is $461,437.
  • Houses have a median rent of $493 while Units have a median rent of $430.
There are currently 24 properties listed for sale, and 33 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Launceston.

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