58 George Street,
Launceston, TAS 7250
Shops & Retail
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Elders Real Estate - Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
58 George Street
Launceston, TAS 7250
Map of 58 George Street
"Double-dip" inner-city investment
58 George Street, Launceston, offers a double opportunity to create investment income, or to acquire a central property with a commercial / retail tenant and an apartment for inner-city living.
The two level property provides ground floor, street frontage retail of approximately 160 sqm, currently leased to Tasmania's iconic Waverley Woollen Mills, as its factory outlet. WWM has been in the property for some 13 years. Selling blankets, shawls, rugs and many other woollen products, WWM enjoys local and tourist trade. The retail is next door to Launceston's famous "Old Umbrella Shop", a heritage listed mecca for tourists and locals.
On the upper level, accessed via the rear "street", 58 George Street affords a superbly presented, two bedroom, fully furnished apartment, which the property owner runs casually as "Air B and B", at $149 per night double occupancy.
A bonus to the property is off-street parking for one car.
The property is set amongst restaurants and boutique shopping, and is only one block from the retail heart of Launceston, the Brisbane Street Mall.
An excellent opportunity to acquire a character, inner-city property, with flexible use options.
The two level property provides ground floor, street frontage retail of approximately 160 sqm, currently leased to Tasmania's iconic Waverley Woollen Mills, as its factory outlet. WWM has been in the property for some 13 years. Selling blankets, shawls, rugs and many other woollen products, WWM enjoys local and tourist trade. The retail is next door to Launceston's famous "Old Umbrella Shop", a heritage listed mecca for tourists and locals.
On the upper level, accessed via the rear "street", 58 George Street affords a superbly presented, two bedroom, fully furnished apartment, which the property owner runs casually as "Air B and B", at $149 per night double occupancy.
A bonus to the property is off-street parking for one car.
The property is set amongst restaurants and boutique shopping, and is only one block from the retail heart of Launceston, the Brisbane Street Mall.
An excellent opportunity to acquire a character, inner-city property, with flexible use options.
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
Families
Most households
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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