271-273 Charles Street, Launceston, Tas 7250

$1,100,000 - $1,200,000

Unit
Type
4
Bedrooms
3
Bathrooms
290 m²
Area

Published on Tuesday, July 21, 2026 ( See property details for 271-273 Charles Street, Launceston, Tas 7250)

$1,100,000 - $1,200,000

Ananda Cairns Director & Real Estate Agent
Georgia Anderson Sales Associate to Ananda & Kate
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile heritage-listed property in Launceston's heart, offering three fully furnished dwellings with exceptional income potential and development options.

🏡 Property Highlights

  • Heritage-listed property in Launceston's vibrant city centre
  • Three fully furnished separate dwellings on one title
  • Outstanding potential for short-term or long-term rental income
  • Prime location just 50 metres from Launceston General Hospital
  • Versatile use options including investment, owner-occupier, or commercial STCA
  • Opportunity to restore into a grand heritage home

✨ Key Features

  • Three separate dwellings on one title
  • All residences offered fully furnished
  • Reverse cycle air conditioning
  • Built-in robes
  • Updated kitchen and bathroom with quality appliances
  • Low-maintenance garden
  • Pet-Friendly
  • Walkability to cafés, restaurants, shopping, and public transport
  • Heritage-listed property
  • Permit street parking only

Launceston's city centre offers a vibrant lifestyle with a rich heritage, excellent amenities, and strong rental demand. Key points include proximity to the hospital and CBD, a thriving café and restaurant scene, excellent walkability, and a tightly held inner-city community that values character and convenience.

What are the potential uses for this heritage-listed property?
The property offers versatile options including short-term accommodation (STCA), long-term rental income, medical consulting rooms, offices, hospitality ventures, or restoring it into a grand heritage residence.
Is the property suitable for commercial use?
Yes, the property has potential for commercial uses such as consulting rooms, offices, or a café, subject to council approval (STCA).
What are the current rental incomes and lease terms?
The main unit is estimated to rent for approximately $500 per week, with two other units currently tenanted until May 2027 and September 2027 at $405 and $310 per week respectively.
Are there any restrictions or permits required for development or use?
Yes, certain uses such as short-term accommodation or commercial activities require council approval and permits, and the property is heritage-listed, which may influence development options.
What are the ongoing costs associated with the property?
Approximate quarterly water rates are $800, and council rates are around $1200 per quarter. Additional costs may include maintenance, insurance, and any applicable development or permit fees.
Are there any existing easements, covenants, or zoning restrictions affecting the property? Has the property undergone any recent renovations or repairs that may require further inspection? Are there any planned developments or nearby construction that could impact the property? What are the specific heritage restrictions or requirements for modifications? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any additional costs or fees associated with maintaining the heritage-listed status? What are the strata or body corporate arrangements, if applicable? Are there any outstanding council or water rates or other debts on the property? Is the property compliant with current building codes and safety standards? What are the parking and access arrangements, and are there any restrictions?

271-273 Charles Street, Launceston, Tas 7250 - More Details

$1,100,000 - $1,200,000

Type
Unit
Bedrooms
4
Bathrooms
3
Area
290 m²

Inspections times

  • Inspection Sat 25 Jul 1:00 pm

    Saturday 25 July
    1:00 pm - 1:30 pm
Thank you for submitting your reminder request.

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