621/3-11 Earl StreetLaunceston TAS 7250
Property Details for 621/3-11 Earl St, Launceston
Last Listing description (August 2021)
If you said yes, then this investment opportunity is the answer for you!
Diversify your portfolio by purchasing this unit in the Launceston CBD and have it managed and leased on a long term basis by a world wide hotel chain.
* Long term lease in place with Best Western plus - 4.5 star hotel.
* Bank guarantee in place.
* 4 free nights included per year at the hotel in Launceston
If this sound interesting to you and you're in the market for a new investment, call to discuss in more detail today.
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 621/3-11 Earl St, Launceston, TAS 7250
- 31 Mar 2021Sold for $155,000
- 24 Mar 2021Listed for Sale $165,000
- 26 May 2007Sold for $150,000
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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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