604/3-11 Earl StreetLaunceston TAS 7250
Property Details for 604/3-11 Earl St, Launceston
Last Listing description (July 2022)
If you are looking for a distinctive addition to your investment portfolio, then this one may be for you! Travelling too Tasmania has always been a popular destination, even more so now that we have regained the freedom to roam across the country.
Best Western is a well known Launceston CBD hotel, and in fact it has the security of being part of a world wide hotel chain. You can purchase this unit and have it leased and managed on a long term basis.
This one bedroom apartment is situated on the top floor and it has great views of Launceston.
* Long term lease in place with Best Western plus - 4.5 star hotel.
* Averaging 3-5% NET return with all outgoings paid by the tenant.
* Bank guarantee in place.
* 4 free nights included per year at the hotel in Launceston
Reap the rewards from the latest tourism boom!
If this opportunity sounds interesting to you, call Beverley to discuss in more detail today.
*Please be advised that it is now mandatory, as per the Direction Under Section 16 (Contract Tracing No. 5) of the Public Health Act 1997, for all parties attending a Smart Open Inspection to check-in via the free, easy to use Check in TAS app on your mobile phone. If you do not have access to the Check in TAS app, we are able to register your details on our device.
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.
Property History for 604/3-11 Earl St, Launceston, TAS 7250
- 16 Jun 2022Sold for $169,000
- 03 Aug 2021Listed for Sale $169,000
- 20 Sep 2016Listed for Sale Offers Above $140,000
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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.
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