OFF MARKET

29-35 Wilson Street
Burnie TAS 7320

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 224m2
Land area: 902m2
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Property Details for 29-35 Wilson St, Burnie

Building Type
Commercial
Year Built
1903
Floor Size
224m2
Land Size
902m2
Local Government
Burnie
Lot/Plan
1/38722

Last Listing description (September 2024)

Harcourts Burnie, on behalf of the Vendors, are pleased to offer 29-35 Wilson Street, Burnie for sale.
This premises is positioned in the heart of the CBD with a high profile, main street frontage and rear access with private parking. Comprising of a total floor area of over 1170m2 across 2 levels, this property currently has seven tenancies returning $171,301pa in rental income + GST + outgoings with no vacant spaces.

Features Include:

- Total floor area of over 1170m2 split across 2 levels
- All tenancies are separately power metered
- Current zoning is 'Central Business'
- Master key system across all tenancies
- Quality fit out across all spaces
- Taswater trade waste compliant
- All tenants pay a portion of the outgoings
- Current leases for all tenanted spaces
- 8 private parking spaces allocated
- Current capital works and depreciation schedule available upon request
- Ground level floor plan to come

Commercial opportunities like this do not come up often in the CBD, to receive a copy of the information memorandum, please contact Sarah Elphinstone at Harcourts Burnie.

*Harcourts Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.*

Property History for 29-35 Wilson St, Burnie, TAS 7320

A timeline of how this property has performed in the market
Last Sold
$1,000,000
24 Sep 2003
Listed for Rent
$537/w
03 Mar 2024
  • 05 May 2023
    Listed for Sale Best offer over $2,000,000
  • 15 Oct 2020
    Listed for Rent $33,000 / year
  • 29 Jun 2017
    Listed for Rent - Price not available
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About Burnie 7320

The size of Burnie is approximately 1.4 square kilometres. It has 3 parks covering nearly 7.6% of total area. The population of Burnie in 2011 was 696 people. By 2016 the population was 616 showing a population decline of 11.5% in the area during that time. The predominant age group in Burnie is 60-69 years. Households in Burnie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Burnie work in a professional occupation. In 2011, 43.8% of the homes in Burnie were owner-occupied compared with 46.3% in 2016.

Burnie has 866 properties. Over the last 5 years, Houses in Burnie have seen a 80.04% increase in median value, while Units have seen a 64.00% increase. As at 31 October 2024:

  • The median value for Houses in Burnie is $455,105 while the median value for Units is $341,956.
  • Houses have a median rent of $370 while Units have a median rent of $278.
There are currently 11 properties listed for sale, and no properties listed for rent in Burnie on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Burnie.

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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.