1/111-113 St John Street,
Launceston, TAS 7250

Shops & Retail

Key property information

Land area

Floor area

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Map of 1/111-113 St John Street

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Quality CBD Retail Asset - Brand New 5 Year Lease - Approximate 8.8% Yield

- Brand new 5 year lease to March 2022 plus options to March 2032
- Games World: Australia's largest range of Jigsaw, Die-cast and games, now with 17 stores nationally
- Fixed 3% annual rent increases
- Substantial retail shop of 261 sqm with brand new fit-out and 8.4 metre retail frontage and rear lane access via Dell Lane
- Prime position within Launceston's retail heart next to thriving Hudsons Coffee and in close proximity to Radio Rentals, Suzanne Grae and metres to busy Launceston Mall
- Launceston: Tasmania's largest northern city with a growing trade catchment over $140,000 people
- Rent: $67,000 pa

For further details contact Ian Singline.

Launceston, 7250 demographic data

The median household income for Launceston is $1,439, 17% higher than Regional Tasmania's household income of $1,225. Launceston has a younger age profile compared to the rest of Regional Tasmania (median age 41 vs 45). Property ownership data shows 34% of property owners in Launceston have a mortgage.

3,110

Population

$1,439 per week

Median household income

41 years

Median age

Renters

Most residents

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Most households