FOR SALE
$1,250,000

71 Reibey Street
Ulverstone TAS 7315

Bedrooms: 4
Bathrooms: 1
Car spaces: 5
Floor area: 364m2
Land area: 460m2
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CENTRAL RESIDENCE AND COMMERCIAL OPPORTUNITY

Built in 1953, this iconic building has had many faces over the years and is now available to purchase. Originally built as the ANZ Bank and upstairs to accommodate the bank manager of the time, the property has undergone a few renovations over its lifetime.
Being centrally located in the Ulverstone CBD, everything is within walking distance.
The property is zoned General Business and downstairs could be leased as a shop front.
Upstairs is owner occupied and offers an amazing townhouse with 3-4 bedrooms (all with built-in robes), open plan kitchen & dining with ocean views, formal dining and separate living area.
There is a separate shower room plus separate bathroom.
Undercover parking for up to 5 cars, workshop and loads of storage options.
North facing deck with views and viewing platform with 360 degree views of Ulverstone.
Properties like this, offering multiple streams of income, don't come about very often.
Other features:
* Re-roofed
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Property Details for 71 Reibey St, Ulverstone

71 Reibey St, Ulverstone is a 4 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 460m2 and floor size of 364m2. The place is currently for sale with Elders Real Estate Ulverstone.

Building Type
House
Floor Size
364m2
Land Size
460m2

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About Ulverstone 7315

The size of Ulverstone is approximately 16.6 square kilometres. It has 14 parks covering nearly 3.7% of total area. The population of Ulverstone in 2011 was 6,342 people. By 2016 the population was 6,477 showing a population growth of 2.1% in the area during that time. The predominant age group in Ulverstone is 50-59 years. Households in Ulverstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ulverstone work in a trades occupation. In 2011, 70.1% of the homes in Ulverstone were owner-occupied compared with 67.7% in 2016.

Ulverstone has 3,843 properties. Over the last 5 years, Houses in Ulverstone have seen a 76.80% increase in median value, while Units have seen a 55.90% increase. As at 31 August 2024:

  • The median value for Houses in Ulverstone is $495,835 while the median value for Units is $397,980.
  • Houses have a median rent of $400 while Units have a median rent of $370.
There are currently 40 properties listed for sale, and 4 properties listed for rent in Ulverstone on OnTheHouse. According to CoreLogic's data, 129 properties were sold in the past 12 months in Ulverstone.

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Brent Fielding
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Elders Real Estate Ulverstone
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