42-44 George StreetLaunceston TAS 7250
Property Details for 42-44 George St, Launceston
Last Listing description (March 2024)
Be part of the next chapter of the former home of Francoss Italian Restaurant. This hospitality tenancy holds a prime place along the George Street dining strip as well as a strong historical connection to Launcestons inner-city hospitality scene.
New property owners have completed preliminary works to the space to provide a functional floorplan and revitalised interior, and are now seeking to partner with a local hospitality operator to finalise the transformation of the space to a bespoke and modern dining offering.
With the space in a partly renovated state, wed encourage all operators looking to put their own stamp on this inner city gem to enquire without delay.
- Reverse cycle air conditioning
- NBN ready
- Great city location, 500 m from Brisbane St Mall
- Fitout to suit your own requirements
- 10m street frontage to George St
- Multiple entry points
To learn more about this property, contact Andy or Ben at Howell Property Group.
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 customers are advised to carry out their own investigations.
Property History for 42-44 George St, Launceston, TAS 7250
- 22 Dec 2023Sold for $1,400,000
- 22 Nov 2023Listed for Sale $1,450,000
- 29 Mar 2023Listed for Rent - Price not available
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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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