35 Strahan StreetSouth Burnie TAS 7320
Property Details for 35 Strahan St, South Burnie
Last Listing description (February 2020)
This substantial commercial property comprises a huge site of
2348 sq metres with a modern showroom warehouse building of approx. 1730 sq metres leased in two tenancy areas; one under a renewed 5 + 5 year lease to national bearings and engineering supplier Webster BSC part of the multi national Inenco Group, and the other leased to heavy industrial equipment supplier Caterpillar Underground Mining, a wholly owned subsidiary of the international Caterpillar Inc group.
An exceptional property with a combined rent income totalling $130,000 p.a, 27-35 Strahan Street presents as a tremendous opportunity for investors offering a strong yield of 9.65% and underpinned by the security of multi-national tenants.
For further details contact Ian Singline
Property History for 35 Strahan St, South Burnie, TAS 7320
- 06 Feb 2020Sold for $1,300,000
- 05 Dec 2019Listed for Sale Expression of Interest
- 04 Apr 2018Listed for Rent - Price not available
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0About South Burnie 7320
The size of South Burnie is approximately 1.7 square kilometres. It has 4 parks covering nearly 4.5% of total area. The population of South Burnie in 2011 was 366 people. By 2016 the population was 317 showing a population decline of 13.4% in the area during that time. The predominant age group in South Burnie is 50-59 years. Households in South Burnie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Burnie work in a professional occupation. In 2011, 70% of the homes in South Burnie were owner-occupied compared with 68.1% in 2016.
South Burnie has 335 properties. Over the last 5 years, Houses in South Burnie have seen a 83.13% increase in median value, while Units have seen a 52.84% increase. As at 31 August 2024:
- The median value for Houses in South Burnie is $399,203 while the median value for Units is $324,308.
- Houses have a median rent of $410.
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