171-173 Charles Street,
Launceston, TAS 7250

Shops & Retail

Key property information

Land area

Floor area

Property extent

Tenure type

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Map of 171-173 Charles Street

Directions

Tenanted CBD Retail with Upside

Well located retail property on 448m2 of land, positioned prominently on the Charles Street retail strip between York Street and the Brisbane Street Mall. The property has good frontage and is a high profile site.
Currently tenanted until January 2019 with 2 x 2 year options by local sports merchandise and memorabilia business ‘Balls and Bumpers'. At the rear is a large area (currently vacant) suitable for additional development which extends to a well serviced Right of Way access off York Street.
This is a unique opportunity to secure a CBD tenanted investment property on a very well regarded strip. Centrally located, it offers much scope for additional commercial and/or residential development (Subject to Council Approval).

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