OFF MARKET

46 Wilmot Street
Burnie TAS 7320

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 222m2
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Property Details for 46 Wilmot St, Burnie

Building Type
Commercial
Land Size
222m2
Local Government
Burnie
Lot/Plan
6/52683

Last Listing description (July 2019)

Named after the revered Rialto bridge in Venice, Elders Real Estate Burnie are proud to offer this iconic slice of Tasmanian restaurant history to the market.
Operating for over 37 years, the Rialto Gallery Restaurant provides a little piece of Italy right in heart of the picturesque city of Burnie. The warm intimate ambiance and lead light features would have you believing you are in an authentic 'Ristorante' just off The Grand Canal in Venice. Countless loyal clientele have lasting memories having celebrated special moments in this Burnie icon while enjoying classical and contemporary Italian cuisine complimented by an extensive wine list.
With a seating capacity of 40 and a thriving take away service including their renowned pizza's this is the perfect solution for those looking for a long established, profitable and reputable business.

The current owners have built a little empire and perhaps the time is right to rise up and take your place in the history, style and grace that is Rialto.

Property History for 46 Wilmot St, Burnie, TAS 7320

A timeline of how this property has performed in the market
  • 17 Jun 2019
    Listed for Sale $200,000

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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.
There are currently 13 properties listed for sale, and 1 property 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.