SOLD
Sold on 15 Dec 2023 for $1,750,000

7 Shamrock Street
South Launceston TAS 7249

Bedrooms: -
Bathrooms: -
Car spaces: 25
Floor area: 239m2
Land area: 1186m2
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Property Details for 7 Shamrock St, South Launceston

Building Type
Commercial
Year Built
2007
Floor Size
239m2
Land Size
1186m2
Local Government
Launceston
Lot/Plan
2/139486

Last Listing description (November 2023)

Presently available 'For Sale or Lease', this exceptionally versatile freestanding office building in South Launceston, just 2.0km from the CBD, occupies a prime location, strategically positioned to take advantage of ready access to both the Southern outlet and Wellington St.

The property boasts on-site parking capacity for more than 20 vehicles, rendering it a highly attractive prospect for businesses such as medical practices, dental clinics, allied health services, offices or any enterprise reliant on customer accessibility and ample parking.

The current structure encompasses a total floor area of c. 250 sqm, offering reception; general office areas; two private offices, one of which is sound-proofed; a Boardroom (similarly sound-proofed); staff kitchen, w.c. facilities including compliant "equal access" and shower.

Additionally, there is an approved Development Application (DA) for a 230 sqm expansion that includes additional offices, boardroom, meeting rooms, amenities, and a kitchen, complete with a north-facing deck.

This property is further enhanced by features including air-conditioning, security systems with surveillance cameras, extensive IT ports, and built-in furniture. 7 Shamrock Street is indeed a rare gem in a tightly-held and strategically advantageous commercial location.

Property History for 7 Shamrock St, South Launceston, TAS 7249

A timeline of how this property has performed in the market
Last Sold
$1,750,000
15 Dec 2023
Listed for Rent
13 Nov 2023
  • 15 Dec 2023
    Sold for $1,750,000
  • 02 Nov 2023
    Listed for Sale Contact Agent
  • 02 Nov 2023
    Listed for Rent - Price not available
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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 2,419 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.
There are currently 16 properties listed for sale, and 9 properties listed for rent in South launceston on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in South launceston.

Suburb Insights for South Launceston 7249

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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.