OFF MARKET

58 Cattley Street
Burnie TAS 7320

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 121m2
Land area: 177m2
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Property Details for 58 Cattley St, Burnie

Building Type
Commercial
Year Built
1900
Floor Size
121m2
Land Size
177m2
Local Government
Burnie
Lot/Plan
2/46750

Last Listing description (October 2019)

This is an excellent opportunity to acquire a prominent dual retail property on the western end of Cattley Street in Burnies CBD.

- Two retails shops on approximately 177m2 of land (not strata titled)

- On-site parking at rear
- Separate front entrances for each tenancy and rear doors for staff entry
- Both shops have their own toilet amenities and a kitchenette at the rear of each shop
- 58a is leased to Zeal on Cattley until March 2021 with a further 3 year option
- 58b is leased to Bangarang Body Art until June 2021
- A good mix of neighbouring tenants both commercial and retail.

The investment offers a total income stream of approximately $20,746.97 pa with CPI increases annually. With these solid tenancies in place this is a great opportunity to add to or start your investment portfolio.

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Property History for 58 Cattley St, Burnie, TAS 7320

A timeline of how this property has performed in the market
Last Sold
$193,523
01 Sep 2019
  • 01 Sep 2019
    Sold for $193,523
  • 05 Jul 2019
    Listed for Sale $199,000
  • 27 Oct 2002
    Sold for $80,000
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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, 28 properties were sold in the past 12 months in Burnie.

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