For Sale

243-245 Charles Street, Launceston, Tas 7250

On Site Auction - 13 November at 12 noon

Block Of Units

Type

Bedrooms

Bathrooms

1,179 m²

Area

Published on Friday, October 16, 2026 ( See property details for 243-245 Charles Street, Launceston, Tas 7250)

On Site Auction - 13 November at 12 noon

Rodney Rawlings Commercial Sales and Leasing

Call Message Chat

Fletcher Seymour Commercial Sales & Leasing

Call Message Chat

Track this property Request an inspection

Report Title Search CMA Report Suburb Profile

AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare heritage-listed mixed-use property in Launceston's prime CBD precinct offering multiple income streams and redevelopment potential.

🏡 Property Highlights

Premium Charles Street location within Launceston's tightly held mixed-use precinct
Potential for seven separate income streams including retail, residential flats, and heritage residence
Fully vacant possession offering flexible renovation, leasing, or occupation options
Heritage-listed property constructed in 1880 with historical commercial use
Substantial landholding of approximately 1,179sqm across two titles
Existing improvements include retail space, five residential flats, and a heritage terrace

✨ Key Features

Built in robes
Outdoor Area
Open-Plan Living
Secure Parking
Waterfront / Views
Balcony
Garage
Ensuite
Internal Laundry
Pet-Friendly

Suburb and Property Insights of Launceston, TAS 7250

Launceston's CBD is a vibrant hub with a rich history, offering excellent walkability, diverse dining options, and proximity to essential amenities. The area is experiencing steady growth, making it ideal for redevelopment and investment. Its heritage charm combined with modern infrastructure creates a unique urban lifestyle. The precinct is highly sought after for its cultural significance and convenience. Strong demand for residential and commercial spaces supports long-term value appreciation.

Frequently Asked Questions

What are the potential uses for this heritage-listed property?

The property offers flexibility for renovation, repositioning, leasing, or occupying, with potential for mixed-use development including retail, residential, and heritage conservation.

Is there scope for redevelopment or subdivision on the land?

Yes, the substantial landholding across two titles provides significant redevelopment potential, subject to council approval.

What is the current condition of the heritage terrace residence?

The heritage terrace is a historic building constructed in 1880, with potential for restoration and adaptive reuse, pending necessary approvals.

Are there existing tenants or income from the property?

The commercial tenancy has historically leased for $45,000 net + GST, and the residential flats are currently vacant, offering immediate income opportunities.

What are the zoning and planning restrictions for this site?

The property is located in a mixed-use precinct with heritage considerations; specific zoning details should be confirmed with local council for redevelopment plans.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance requirements associated with the heritage-listed property? What approvals or permits are needed for redevelopment or renovation works? Are there any existing easements, covenants, or zoning restrictions affecting the property? Has the property been assessed for flood or bushfire risks? Are there any planned developments or construction projects nearby that could impact the property’s value or enjoyment?

243-245 Charles Street, Launceston, Tas 7250 - More Details

On Site Auction - 13 November at 12 noon

Elders Commercial is pleased to offer a mixed-use asset in a premium location for sale via auction. The property is now fully vacant and primed for re-development.

Key property and investment highlights include:

+ Premium Charles Street position within one of Launceston's most tightly held mixed-use precincts, ideally located on the popular café strip and within walking distance of the CBD and Launceston General Hospital.
+ Rarely does an opportunity present with the potential for seven separate income streams, comprising an established retail tenancy, five residential flats and a separate heritage terrace residence.
+ Offered with full vacant possession, providing purchasers with the flexibility to renovate, reposition, lease or occupy to suit their own investment strategy.
+ 245 Charles Street was constructed in 1880, making it a significant heritage property. It has historically been used commercially, as a bakery and more recently as a residence.
+ Substantial landholding of approximately 1,179sqm across two titles, delivering significant underlying land value in a proven inner-city growth corridor.
+ Existing improvements include a vacant retail premises, five one-bedroom residential flats and a separate double-storey heritage terrace.
+ The residential flats are serviced by 80sqm* undercover parking with the potential to create more parking on the surplus land.
+ Combining scale, location, redevelopment potential and multiple future income opportunities, this is a genuine mixed-use investment with substantial upside in the heart of Launceston.
+ The commercial tenancy has historically leased for $45,000 net + GST.

The property is being sold via Auction on Friday the 13th of November at 12 noon.

Please contact Fletcher Seymour or Rodney Rawlings for more information or to arrange an inspection.

Type: Block Of Units
Bedrooms: 7
Bathrooms: 6
Area: 1,179 m²
House Size: 507 m²

Map & nearby places — 243-245 Charles Street, Launceston, Tas 7250

Explore 243-245 Charles Street, Launceston, Tas 7250 in 3D

See the photorealistic 3D view of this property and everything around it before you book an inspection.

Photorealistic 3D aerial & street-level flyover
Nearby schools, parks, shopping, transport, health & dining
Walking & driving routes with travel time from the front door
Satellite & hybrid map views, full-screen mode

Costs and returns

Work out what this home could cost you, or earn you, using your own numbers. The calculators run in your browser and keep nothing you type.

Email Enquiry To Elders Real Estate Launceston

<div><input id="g-recaptcha-response_captcha_2019634809" name="g-recaptcha-response" type="hidden"></input><script>var recaptchaJSLoaded = true; 
                var onloadCallbackcaptcha_2019634809 = function() {
                    var form = $('input[id="g-recaptcha-response_captcha_2019634809"]').closest('form');
                    var btn = $(form.find(':submit')[0]);

Rodney Rawlings

Call

Fletcher Seymour

Call

243-245 Charles Street, Launceston, Tas 7250

Price Information

Schedule an Inspection

Rates & Fees

Similar Properties

Full Name

phone

Which describes you best?

Message

Personal Information Collection Statement

This form is only to be used for sending genuine email enquiries to the Agent. Real Search Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Explore More About Launceston

Real Search makes searching for your new home easy with properties for sale in Launceston and properties for rent in Launceston. Are you looking for specific type of property? Real Search has units for sale in Launceston and houses for sale in Launceston. Real Search also provides 1 bedroom block of units for sale in Launceston, 2 bedroom block of units for sale in Launceston & 3 bedroom block of units for sale in Launceston. Find best real estate agents in Launceston. You can also check real estate agencies in Launceston. Research the property market of Launceston with a property report and suburb profile report on Real Search.

<div><input id="g-recaptcha-response_captcha_863846599" name="g-recaptcha-response" type="hidden"></input><script>var recaptchaJSLoaded = true; 
                var onloadCallbackcaptcha_863846599 = function() {
                    var form = $('input[id="g-recaptcha-response_captcha_863846599"]').closest('form');
                    var btn = $(form.find(':submit')[0]);

Help Us Maintain Accuracy: Report Data Errors

At Real Search, we strive for the highest level of accuracy in all our property listings and real estate information. Despite our best efforts, errors can occur. If you spot any inaccuracies or inconsistencies in property details, descriptions, or any other data, we encourage you to report them to us immediately. Your input helps us maintain the quality and reliability of our platform, benefiting all users—buyers, sellers, and agents alike.

To report an error, please click the "Report Error" button on the respective listing or reach out to us directly via our contact page. We appreciate your vigilance and collaboration in ensuring the integrity of our data.

Name

Phone

Message

Disclaimer

Our service utilises AI search capabilities based on publicly available indexed data for non-commercial purposes and testing phase. The above information is an excerpt from publicly available data and may be subject to errors or changes. RealSearch.com.au makes no representations or warranties regarding the accuracy of this data. Please consult the Agency/Agents directly for the most up-to-date information.