61-63 George StreetLaunceston TAS 7250
Property Details for 61-63 George St, Launceston
Last Listing description (October 2013)
George Street Investment
63 George Street Launceston
Freehold Only
The property currently houses one of the city's better known dining establishments La Cantina
La Cantina had traded from this site for over 20 years.
The property is sold with a solid long term lease in place & combined offers the investment for a strong addition t their investment portfolio.
The floor area is approximately 279m2.
Current rent is $52,000 P.A. + GST
Asking price is Offers over $600,000
Property History for 61-63 George St, Launceston, TAS 7250
- 05 Aug 2024Sold for $1,150,000
- 13 Jun 2014Sold for $425,000
- 02 Jul 2010Listed for Sale $550,000-$650,000
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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 3,748 properties. Over the last 5 years, Houses in Launceston have seen a 60.75% increase in median value, while Units have seen a 43.01% increase. As at 30 November 2024:
- The median value for Houses in Launceston is $744,553 while the median value for Units is $514,998.
- Houses have a median rent of $470 while Units have a median rent of $430.
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