36 Watchorn StreetSouth Launceston TAS 7249
Property Details for 36 Watchorn St, South Launceston
Last Listing description (October 2022)
Knight Frank has the exclusive opportunity to offer for sale the "Southern Cross Austereo" property situated at 36 Watchorn Street, Launceston.
36 Watchorn Street is a 1960 built multi level building purpose built for Channel 9 Television and radio stations. The building was developed on a site of 1.861 Ha which is elevated with direct line of site to Mount Barrow telecommunication towers.
The western part of the land is zoned Commercial, and comprises the main buildings and extensive car parking, whilst the eastern end of the site carries a Low Density Residential zoning.
The property will be offered For Sale subject to a "partial Leaseback" to Southern Cross Austereo over part of the main building. Further income is generated from the telecommunication tower. Net Income of $142,000pa + Outgoings.
Property History for 36 Watchorn St, South Launceston, TAS 7249
- 27 Jan 2022Listed for Sale For sale
- 10 Mar 2016Listed for Sale Not Disclosed
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About South Launceston 7249
The size of South Launceston is approximately 2.8 square kilometres. It has 8 parks covering nearly 5.4% of total area. The population of South Launceston in 2011 was 4,447 people. By 2016 the population was 4,589 showing a population growth of 3.2% in the area during that time. The predominant age group in South Launceston is 20-29 years. Households in South Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Launceston work in a professional occupation. In 2011, 54.1% of the homes in South Launceston were owner-occupied compared with 52.6% in 2016.
South Launceston has 2,412 properties. Over the last 5 years, Houses in South Launceston have seen a 56.01% increase in median value, while Units have seen a 43.01% increase. As at 31 October 2024:
- The median value for Houses in South Launceston is $530,619 while the median value for Units is $378,810.
- Houses have a median rent of $480 while Units have a median rent of $400.
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