29 Main Road
Wivenhoe TAS 7320
Offers in excess of $2,250,000
Multi-tenanted Investment - Strong net return
Elders Commercial jointly with RWC Tasmania are pleased to offer to the market this multi-tenanted, mixed-use investment located in Wivenhoe, in Tasmania's thriving North West region.The property is 100% leased to four (4) mixed-use tenants, anchored by well-known local hospitality operator, Leonardoz. The property has a passing net rental of $152,942* + GST, with tenants responsible for all statutory outgoings.
Key Property Highlights:
• Substantial 1,411 sqm* 'Local Business' allotment, with dual street access, 22* on-site car parks and key Bass Highway exposure.
• Diverse mix of tenant's - Restaurant (Leonardoz), Hair Salon (Immerse Hair Studio), Chiropractor (Burnie Bayside Chiropractic) and a Residential apartment, all contained with a gross building area of 658 sqm*
• Net income of $152,942* per annum + GST with all commercial tenants on annual fixed 5% increases providing guaranteed rental growth.
• Net leases - Commercial tenants pay all Council rates, land tax, TasWater and building insurance.
• Premium main road location with excellent exposure to Bass Highway, close to Bunnings, Nubco, Reece Plumbing, residential and various mixed-use assets (all within 2 km*)
• Burnie: Second largest City on the North-West of Tasmania and home to one of the State's key deep-water ports and Tasmania’s largest general cargo port. Burnie is fast becoming the epicentre of proposed renewable energy projects with recent project announcements relating to Marinus Link, Robbins Island/Jim’s Plain Wind Farms and the proposed HIF Tasmania e-Fuel Facility.
The property is for sale via Private Treaty offers in excess of $2,250,000 indicating strong 6.79% net return*.
For further details, please contact Elders Commercial or RWC Tasmania.
*Approximately
Features
General Features
- Land Area: 1,411sqm
- Commercial Type: Retail
- Building Area: 658sqm
- Zoning: Local Business
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