91-97 Charles StreetLaunceston TAS 7250
Property Details for 91-97 Charles St, Launceston
Last Listing description (October 2022)
CBRE & Edwards Windsor are pleased to offer for sale by Expressions of Interest, one of Launceston's most iconic office buildings, 'Henty House' at 1 Civic Square, Launceston.
Located in the heart of Launceston's CBD and Civic precinct, 'Henty House' offers high quality office accommodation fully leased to the Crown of Tasmania and Federal Government.
Key property details include:
+ Commanding five level office building with NLA of 4,768sqm*
+ Annual net income of $1,523,056 per annum* plus GST and outgoings
+ 100% leased to State and Federal Governments with WALE of 6.72 Years
+ Brand new 15-year lease to Federal Government over Level 1
+ Efficient floor plates with central core and light to all four sides
+ Recently completed Landlord CAPEX programme of $2.4million
+ Located in Launceston's core office and activity precinct
+ Substantial State and Federal Government investment of $564million to make Launceston one of Australia's most livable and innovative regional cities
+ Strong ESG credentials with Solar Power and 6 Star Water rating
+ 4 Star NABERS energy rating
Recognised as the best performing economy for the 9th consecutive quarter, Tasmania continues to experience excellent growth, with Australia's strongest job market and unemployment at 3.9%, and the highest residential growth of 28.7% year on year.
For further information or to arrange an inspection please contact the selling agents.
CBRE
Tom Ryan
+61 419 786 244
Scott Orchard
+61 425 760 712
Edwards Windsor
Tim Johnstone
+61 418 395 157
Scott Alexander
+61 423 750 715
*approx.
Property History for 91-97 Charles St, Launceston, TAS 7250
- 28 Sep 2022Sold for $22,525,000
- 10 May 2022Listed for Sale Contact Agent
- 03 Sep 2019Listed for Sale Contact Agent
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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 3,720 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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