31 Marine Terrace, Burnie, TAS 7320 | Apartment for sale | OnTheHouse
 
FOR SALE
$520,000

31 Marine Terrace
Burnie TAS 7320

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 263m2
Land area: 534m2
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PRIME DUAL-INCOME INVESTMENT – COMMERCIAL + RESIDENTIAL

Secure Yield with Long-Term Tenants and Room to Grow in Burnie's Rapidly Growing Civic Precinct
Elders Real Estate is proud to present 31 Marine Terrace, an exceptional and rare mixed-use investment opportunity just a stone's throw from the Burnie CBD.
Set on a generous 534m² allotment* with valuable and sought after off-street parking, this solid property offers two long-term, income-generating tenancies:
• A ground-floor commercial space, leased for over 7 years to a reliable tenant with annual CPI increases and a fresh 3yr lease;
• A first-floor residential apartment, tenanted for more than 12 years, with regular rent increases
Together, these generate a stable and attractive net return with the commercial tenant paying outgoings on top, providing low-maintenance cash flow from day one and room to grow your income.
Positioned on the edge of Burnie's dynamic Civic Renewal Precinct, and just one block from the proposed new courthouse development, this property is poised to benefit from significant public investment and growing foot traffic. Its strategic location offers easy access to retail, civic, and transport amenities, while also being within walking distance to the Burnie Wharf and the scenic Coastal Pathway-currently under construction across the road.
Key features:
• Mixed-use zoned property with strong rental history
• Long-standing tenants with consistent cash flow
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Property Details for 31 Marine Tce, Burnie

31 Marine Tce, Burnie is a 0 bedroom, 1 bathroom Apartment. The property has a land size of 534m2 and floor size of 263m2. The place is currently for sale with Elders Real Estate Burnie.

Building Type
Apartment
Floor Size
263m2
Land Size
534m2
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About Burnie 7320

The size of Burnie is approximately 1.4 square kilometres. It has 3 parks covering nearly 7.6% of total area. The population of Burnie in 2016 was 596 people. By 2021 the population was 693 showing a population growth of 16.3% in the area during that time. The predominant age group in Burnie is 20-29 years. Households in Burnie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Burnie work in a professional occupation.In 2021, 48.30% of the homes in Burnie were owner-occupied compared with 46.30% in 2016.

Burnie has 857 properties. Over the last 5 years, Houses in Burnie have seen a 78.94% increase in median value, while Units have seen a 65.81% increase. As at 31 October 2025:

  • The median value for Houses in Burnie is $476,707 while the median value for Units is $356,729.
  • Houses have a median rent of $325 while Units have a median rent of $315.
There are currently 6 properties listed for sale, and no properties listed for rent in Burnie on OnTheHouse. According to Cotality's data, 37 properties were sold in the past 12 months in Burnie.

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Jo Walker
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Elders Real Estate Burnie
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