29 Main Road,
Wivenhoe, TAS 7320
Shops & Retail • Showrooms & Large Format Retail • Other
Key property information
Land area
Floor area
Zoning
Tenure type
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Elders Real Estate - Devonport
4 Stewart StreetDEVONPORT, TAS 7310
29 Main Road
Wivenhoe, TAS 7320
Map of 29 Main Road
Bus stops within 5 km of 29 Main Road, Wivenhoe, TAS 7320 Distance 39 Main Rd 77 m 18 Main Rd 360 m Opposite 4 Bass Hwy 951 m No10 Wattle Ave 1.4 km 5 Wattle Ave 1.5 km POWERED BY HERE ©
POWERED BY HERE ©
Multi-tenanted Investment - Strong net return
- Strong Net Income: $152,942*
- Attractive Yield
- Substantial Highway Fronting Site
RWC Tasmania jointly with Elders Commercial 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 and building insurance.
Key Property Highlights:
+ Substantial 1,411sqm* '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 658sqm*
+ 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 pays all council rates, land tax, TasWater and building insurance.
+ Premium main road location with excellent exposure, surrounded by Bunnings, Nubco, Reece Plumbing, residential and various mixed-use assets (all within 2km*)
+ 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.
* Approx
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 and building insurance.
Key Property Highlights:
+ Substantial 1,411sqm* '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 658sqm*
+ 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 pays all council rates, land tax, TasWater and building insurance.
+ Premium main road location with excellent exposure, surrounded by Bunnings, Nubco, Reece Plumbing, residential and various mixed-use assets (all within 2km*)
+ 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.
* Approx
Additional information
External websites
Wivenhoe, 7320 demographic data
The median household income for Wivenhoe is $1,023, 16% lower than Regional Tasmania's household income of $1,225. Wivenhoe has a younger age profile compared to the rest of Regional Tasmania (median age 40 vs 45). Property ownership data shows 35% of property owners in Wivenhoe have a mortgage.
235
Population
$1,023 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
Elders Real Estate - Devonport4 Stewart Street
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