32-34 Marine TerraceBurnie TAS 7320
Property Details for 32-34 Marine Tce, Burnie
Last Listing description (October 2024)
Harcourts Burnie, on behalf of the Vendors, are pleased to offer 32-34 Marine Terrace, Burnie for sale.
Built in the 1920s, this premises holds an abundance of history within Burnie. Originally built as "The Butter Factory" this building has been extended over the years from the original weatherboard building right through to the current architecture style with rounded external surfaces and glass bricks. It's positioning in the CBD with a high profile, main and side street frontage, dual access and private parking makes for a very desirable investment. Comprising of a total land area of over 2500m2, this property currently consists of four commercial tenancies, one residential and 32 parking spaces returning an estimated $143,000pa in rental income + GST + outgoings once fully leased (one space currently vacant).
Features Include:
- Current zoning is 'Central Business'
- Approximately 2500sqm of land
- 3m high brick fencing/walls to adjoining boundaries
- 3 Phase power options
- Multiple permitted use options
- Tas Fire compliant
- 32 parking spaces, 17 which are privately leased
Commercial footprints of this size are rare opportunities to present themselves in the Burnie CBD. To receive a copy of the information memorandum, please contact Sarah Elphinstone at Harcourts Burnie or Wendy Squibb at Harcourts Ulverstone.
*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 32-34 Marine Tce, Burnie, TAS 7320
- 17 Apr 2024Listed for Sale $2,750,000
- 12 Oct 2023Listed for Sale Expressions of Interest
- 09 Oct 2023Listed 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 868 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.
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