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41 Burnett Street
North Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 453m2
Land area: 667m2
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North Hobart Opportunity -Fully occupied

North Hobart Opportunity
Brick and Castle has the exclusive opportunity to offer to the market for sale 41 Burnett St, North Hobart.
This property is conveniently located in cosmopolitan North Hobart, making it an excellent location in the heart of North Hobart's main Industrial and retail precinct.
North Hobart is one of Hobart's most loved inner suburbs. 41 Burnett St situated on the doorstep of the bustling North Hobart strip, within a mere 200-meter stroll to local cafes, distinguished restaurants, intimate bars, shop, micro-breweries, amenities and the icomic State Cinema.
Moreover, it is just 1km away from The Friends School, which is considered to one of Tasmania's most prestigious school.
Less than 15 minutes' walk (or quick bus strip) to Hobart's vibrant city centre, which allows you to immerse yourself in the local scene effortlessly.
The property is currently occupied by two tenants: Ifantasy learning centre & International Academy of Music, each with 7 rooms. It also comprises an open plan display retail space, one living area, kitchen & dinning area, 2 bathrooms.
This is an exceptional opportunity to acquire a fully leased commercial property in a sought after location.
Features
* Prominent location
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Property Details for 41 Burnett St, North Hobart

Building Type
Commercial
Floor Size
453m2
Land Size
667m2

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About North Hobart 7000

The size of North Hobart is approximately 1 square kilometres. It has 3 parks covering nearly 5.6% of total area. The population of North Hobart in 2011 was 2,653 people. By 2016 the population was 2,511 showing a population decline of 5.4% in the area during that time. The predominant age group in North Hobart is 20-29 years. Households in North Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Hobart work in a professional occupation. In 2011, 45.1% of the homes in North Hobart were owner-occupied compared with 41.8% in 2016.

North Hobart has 1,593 properties. Over the last 5 years, Houses in North Hobart have seen a 25.71% increase in median value, while Units have seen a 35.85% increase. As at 30 November 2024:

  • The median value for Houses in North Hobart is $900,264 while the median value for Units is $739,577.
  • Houses have a median rent of $585 while Units have a median rent of $488.
There are currently 10 properties listed for sale, and 4 properties listed for rent in North hobart on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in North hobart.

Suburb Insights for North Hobart 7000

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Chris Yan
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Zmin Yang
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BRICK & CASTLE
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.