SOLD
Sold on 22 Dec 2023 for $1,400,000

42-44 George Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 285m2
Land area: 170m2
Improve this data
Share
Save

Property Details for 42-44 George St, Launceston

Building Type
Commercial
Year Built
1880
Floor Size
285m2
Land Size
170m2
Local Government
Launceston
Lot/Plan
1/45849

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.

Show More

Property History for 42-44 George St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,400,000
22 Dec 2023
Listed for Rent
$383/w
22 Nov 2023
  • 22 Dec 2023
    Sold for $1,400,000
  • 22 Nov 2023
    Listed for Sale $1,450,000
  • 29 Mar 2023
    Listed for Rent - Price not available
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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.

Launceston Profile Page

Suburb Insights for Launceston 7250

Visit Launceston profile page
Market Insights
Launceston Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Launceston Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Launceston profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED