33/23 Elourea Street
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About this property
Perfectly positioned directly opposite the shimmering Tamar River, this exceptional mixed use property offers an enviable elevated river outlook along one of Tasmania's most celebrated food and wine trails. The sale includes the fully established restaurant, a self contained one bedroom unit, and a three bedroom unit-providing a complete and highly versatile package for both commercial and residential pursuits. At its heart is a well established freehold restaurant seating approximately 60 patrons, long recognised as part of the local fabric. Guests are drawn not only by its reputation, but also by the scenic river backdrop, prominent frontage, and relaxed Tamar Valley atmosphere. With strong exposure to both local and tourist traffic, this is a true destination venue-ideal for winery visitors, food lovers, and weekend travellers. The existing operation provides a strong foundation with further scope to refine branding, enhance the dining experience, and strengthen partnerships along the Wine Route. Adding versatility and value, the residential component includes: A self contained one bedroom unit-perfect for short stay accommodation, a manager's residence, or passive rental income A comfortable three bedroom unit-well suited for owner occupation, staff housing, or premium holiday letting As a gateway to vineyards, cellar doors, river cruises, and scenic drives, this address enhances both lifestyle and business opportunities. Guests can effortlessly move between tastings, long lunches, and riverside recreation-while enjoying the convenience of on site accommodation."
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 2
- Parking
- 7
- Land Area
- 944 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Riverside
This 4-bedroom apartment in Riverside, TAS 7250 sits within reach of public transport, local shops and nearby schools. It is listed 54% above the $635,000 median of 54 comparable apartmentswithin 5 km.
Schools near Riverside
- Launceston Christian Schoolcombined · Prep-12 · CoEd
- Riverside Primary Schoolprimary · K-6 · CoEd
- St Anthony's Catholic Schoolprimary · Prep-6 · CoEd
- Riverside High Schoolsecondary · 7-11 · CoEd
What's nearby
- West Tamar Rd / Freeland Cr In (bus) — 370 m away
- Knife Sharpening Service Launceston — 453 m away
- Tailrace Park — 262 m away
- Unnamed — 480 m away
- Unnamed — 868 m away
Riverside at a glance
Full suburb profile- Population
- 7,326
- Median age
- 40
- Household income
- $1,519/wk
- Median rent
- $300/wk
- Median mortgage
- $1,440/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Riverside price trend
Median sold · Unit 2 bed
Compound growth +2.2% / yr over 4 yrs
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Full Riverside marketThis listing
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Price history
Listing price changes
1 price change recorded for this property
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