{"Slug":"block-of-units-243-245-charles-street-launceston-tas-7250","CanonicalUrl":"https://realsearch.com.au/block-of-units-243-245-charles-street-launceston-tas-7250","Address":"243-245 Charles Street, Launceston, Tas 7250","Suburb":"Launceston","State":"TAS","Postcode":"7250","PropertyType":"Block Of Units","Status":"For Sale","Headline":null,"Description":"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.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"On Site Auction - 13 November at 12 noon"},"Bedrooms":"7","Bathrooms":"6","Parking":null,"Features":[{"Name":"Bedrooms","Value":"7"},{"Name":"Bathrooms","Value":"6"},{"Name":"Area","Value":"1,179 m²"},{"Name":"House Size","Value":"507 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-41.44340553,"Longitude":147.14203014,"Agent":{"Name":"Rodney Rawlings","CanonicalUrl":"https://realsearch.com.au/agent/rodney-rawlings"},"Agency":{"Name":"Elders Real Estate Launceston","CanonicalUrl":"https://realsearch.com.au/agency/elders-real-estate-launceston"},"CreatedAt":"2026-10-16T07:45:45.2167","UpdatedAt":"2026-10-16T07:45:45.2389799"}