SOLD
Sold on 03 Jun 2024 for $1,870,000

8 Broadland Drive
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 301m2
Land area: 987m2
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Property Details for 8 Broadland Dr, Launceston

Building Type
Commercial
Year Built
1989
Floor Size
301m2
Land Size
987m2
Local Government
Launceston
Lot/Plan
3/37781

Last Listing description (March 2021)

With a prominent position on Broadland Drive, this well presented and recognisable property is being offered to the market for sale with vacant possession. Situated on a 987m2 level block with ample car parking at the front and rear (21 spaces in total), this property accommodates two floors of well lit, air conditioned office space just a short drive from the CBD. Architecturally designed and easily accessed with all the amenities you would expect in a building of this calibre. This represents a great opportunity to secure this substantial property. There is also the opportunity to further develop the site (STCA) using some of the space currently utilised for off street car parking.

Property History for 8 Broadland Dr, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,870,000
03 Jun 2024
Listed for Rent
04 Aug 2017
  • 03 Jun 2024
    Sold for $1,870,000
  • 26 Jul 2018
    Listed for Sale By Negotiation $750,000 - $770,000 Plus GST
  • 04 Aug 2017
    Listed for Sale By Negotiation $750,000 - $770,000 Plus GST
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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.
There are currently 31 properties listed for sale, and 30 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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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.