OFF MARKET

79 Burgess Street
Bicheno TAS 7215

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 313m2
Land area: 1237m2
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Property Details for 79 Burgess St, Bicheno

Building Type
Commercial
Year Built
1951
Floor Size
313m2
Land Size
1237m2
Local Government
Glamorgan-Spring Bay
Lot/Plan
1/213630

Last Listing description (August 2023)

Situated in a convenient location within an easy walking distance to all amenities, this rare opportunity is one for the ages. It is not often that a property with this flexibility and earning potential becomes available.

The property currently has an enviable 3 income streams.

The options here are up to the individual:

- invest in this property and collect the monies
- live in the home and collect the monies from the 2 tenancies
- or use the home as your holiday home and rent out in between and collect the monies

Bicheno on Burgess :-
As mentioned above this property can be utilised as a residence, continue as a holiday let or a family holiday home. The property is in great condition with a number of improvements undertaken in recent years, its position in the central area of Bicheno is a strong attraction, only metres to either the town centre or Waubs Beach.

- Trading as a popular holiday let
- Ground floor is open plan with kitchen/dining/lounge, bathroom & separate toilet
- Upstairs has 3 large bedrooms with carpets, built-ins & separate powder room
- Sheltered courtyard
- Double garage (10m x 7m) with power connected

Islander (Clothing & Gifts) :-
A breath of fresh air in the Bicheno retail space, this business has become a must stop destination for those visiting the area and locals alike. The position of the shop and the exposure in this location is sure to attract, the property underwent some upgrades some years ago which have stood the test of time.

- Currently tenanted on 2+2 lease from June 2022
- Massive floor area of 140sqm
- Change room, office, storage and bathroom facility
- Exceptional street frontage and exposure to passing traffic
- Excellent return

Sandbar (Caf):-
Popular caf that has been established for some time, with the tenant keen to remain.
- Currently tenanted on a 3+3+3 lease from October 2020
- Long term tenancy

At a glance:
Minutes to the best beaches, shopping, cafes, schools and walking tracks
Flat 1237m2 block
Zoned Local Business
Exceptional investment promising a consistent rental return
Two tenancies with Burgess Street frontage
Holiday let at the rear, maintaining a great level of privacy for guests
Low maintenance backyard
Ample off-street parking, plus room for the boat, trailer or caravan

Inspections strictly by appointment ONLY

Roberts Real Estate have made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements are approximate.

Property History for 79 Burgess St, Bicheno, TAS 7215

A timeline of how this property has performed in the market
Last Sold
$1,175,000
05 Sep 2022
Listed for Rent
22 Mar 2022
  • 05 Sep 2022
    Sold for $1,175,000
  • 01 Jul 2022
    Listed for Sale Expressions Of Interest
  • 15 Oct 2021
    Listed for Rent $430 / week
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About Bicheno 7215

The size of Bicheno is approximately 114.5 square kilometres. It has 12 parks covering nearly 42.1% of total area. The population of Bicheno in 2011 was 852 people. By 2016 the population was 945 showing a population growth of 10.9% in the area during that time. The predominant age group in Bicheno is 60-69 years. Households in Bicheno are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bicheno work in a labourer occupation. In 2011, 71.6% of the homes in Bicheno were owner-occupied compared with 73.9% in 2016.

Bicheno has 1,322 properties. Over the last 5 years, Houses in Bicheno have seen a 83.28% increase in median value, while Units have seen a 96.49% increase. As at 31 October 2024:

  • The median value for Houses in Bicheno is $660,264 while the median value for Units is $417,363.
  • Houses have a median rent of $385 while Units have a median rent of $350.
There are currently 30 properties listed for sale, and 1 property listed for rent in Bicheno on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Bicheno.

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Disclaimer
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.