Share this property

realcommercial.com.au
Elders Real Estate - Devonport

46 Mount Street Burnie, TAS 7320

Directions

46 Mount Street,
Burnie, TAS 7320

Offices

Price information

Sold

Contact Agent

Key property information

Floor area

Property extent

Tenure type

NABERS

Sold on

Elders Real Estate - Devonport
Nicholas Bond

Elders Real Estate - Devonport

4 Stewart Street
DEVONPORT, TAS 7310
04143950...
Elders Real Estate - Devonport
46 Mount Street
Burnie, TAS 7320

Map of 46 Mount Street

Directions

Reece House, Burnie, Tasmania: Office Investment, with Upside. Net Return: 12% or $1,000 psqm

'Reece House' is a multi-level office building, comprising basement carpark, ground floor retail and 5 upper levels of office accommodation.

The building was developed in 1975 and sections of the premises have been progressively refurbished over the past 10 years.

The property has a net lettable area of approximately 3,629 square metres, based on the current configuration, and 20 basement carparks.

The property is located on the north-west side of Mount and Cattley Streets in Burnie, adjacent to the main CBD retail area.

Burnie is a major commercial centre on the North West coast of Tasmania, with a population of over 20,000 people in the greater Burnie area.

The building is offered for sale 75% occupied,with State Goverment and a national tenant. The building has a 2.5 – star NABERS Energy rating

The current gross passing income is approximately $787,000 per annum and after deducting outgoings, a net income of approximately $440,000 per annum, is produced.

Through leasing the vacant areas, there is an opportunity to substantially increase the return.

Call Nicholas Bond of Knight Frank for further information.

Property ID: 502850874Last Updated: 30 Apr 2024

Make an enquiry

What's your enquiry about?

Enter your details

More properties from Elders Real Estate - Devonport

Other properties you might be interested in based on the location and property type you are looking at.