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HIstorical Significance - Circa 1835 Georgian Terrace

54 Elizabeth Street, Launceston
Best Offer Over $799,000 For Sale
  • 4 Bedrooms
  • 3 Bathrooms
  • 2 Car spaces
  • 166 sq metres
Karen Magnotta
0409 793 685
Contact Agent


A fabulous opportunity exists now to buy a piece of Launceston history. A chance to secure this elegant property, brimming with character, classic appeal and has historical significance. Once home to Dr James Grant and Dr William Russ Pugh who ran St Johns Hospital in the mid 1800's. Dr Pugh, a medical pioneer famous for performing the first anaesthesia in Australia. Later The Launceston Theosophical Society utilised the building as their base for approximately one hundred years. Fully renovated internally and completely repainted externally this property presents a winning prospect for a savvy investor to take full advantage. Not only are you gaining something special with this endearing property, but you are also going to gain a fabulous return. Currently rented as three self contained apartments you are getting an excellent gross return of approximately 5.5% with longer term leases in place. Or if you choose to airbnb instead then your return would have potential opportunity to grow! Alternatively move in and return it to one residence and enjoy the convenience and style of city living! So close to Calvary St. Vincent's Hospital and Launceston General Hospital it could also potentially be ideal as consulting rooms. Centrally located overlooking the stunning St John Church and diagonally positioned opposite Princes Square this really is a prime position. Walking distance all of the wonderful attractions and fine dining options that Launceston has on offer. Do not miss this opportunity! Call today to arrange your private inspection.
Zoned Urban Mixed Use. Land use 1 - Business and Residential
Water Rates $1400 pa (approx)
Launceston Council Rates $4549.86 pa (approx)
Land size 166m2 (approx)
Building size (180m2) (approx)


Air Conditioning
Open Fireplace
Reverse Cycle Air Conditioning
Outdoor Entertainment Area
Broadband Internet Available