18-22 Herbert Street,
Launceston, TAS 7250

Shops & Retail

Key property information

Land area

Floor area

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Map of 18-22 Herbert Street

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Expansive Property Investment - 1,420m2 Building Area 3,000m2 Land Area

A large showroom/warehousing property located on the CBD doorstep - immense land area of 3,000m2 with expansive building area of 1,420m2 (balance land area sealed for car parking). The building has been split into three tenancy areas currently occupied by Tullochs Auctions, Alan Livermore Design and storage tenancy.

Total net rental currently $70,500pa + GST
Huge upside to develop under-utilised land area (stca)
Further subdivide into additional tenancies going forward

For further details please call Blake Shepherd

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