59 Strahan Street
South Burnie TAS 7320
- 2 Bed
- 1 Bath
$599,000
MIXED TENANCY INVESTMENT - 6.5% RETURN!
Situated in the heart of South Burnie's commercial precinct,59 Strahan Street presents a unique opportunity to acquire a fully tenanted, mixed-use property with a robust return. This versatile asset comprises:
Residential Component: A two-bedroom residence offering steady rental income.
Commercial Frontages: Two prominent shopfronts with high visibility, catering to established local businesses.
Signage Tenancies: Two dedicated signage spaces providing additional revenue streams.
The property's strategic location ensures consistent foot and vehicular traffic, enhancing its appeal to both tenants and investors.
Positioned directly across from Bunnings Warehouse and on the same block as the proposed Woolworths development, this property is set to benefit from significant infrastructural growth in the area.
Woolworths Development: A $20 million investment is proposed for a new Woolworths supermarket on Marine Terrace, encompassing approximately 4,000 square meters of retail space. This development is anticipated to be completed in the 2026–2027 financial year, further boosting the area's commercial appeal.
These developments are expected to increase consumer traffic and demand for retail and residential spaces in the vicinity, potentially enhancing property values and rental yields.
DISCLAIMER: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters
Features
General Features
- Property Type: House
- Bedrooms: 2
- Bathrooms: 1
- Building Size: 228sqm
- Land Size: 493sqm
Indoor Features
- Toilets: 1
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