46 Wilmot Street, Burnie, TAS 7320 | Commercial for sale | OnTheHouse
 
FOR SALE
Offers over $199,000+sav

46 Wilmot Street
Burnie TAS 7320

Bedrooms: -
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Floor area: 1m2
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47 Yrs Est Profitable Fully Licensed Restaurant Bar Functions T/O $12K Weekly Two in One offering

A rare opportunity to acquire one of Burnie's best-known hospitality businesses.
Offered to the market for the first time in seven years, Rialto Gallery Restaurant and Rialto Vino Bar is a fully licensed, profitable and well-established hospitality business with an outstanding reputation and exceptional growth potential.
Perfectly positioned with prominent main road frontage in the heart of the Burnie CBD, this unique offering combines a successful licensed restaurant with a separate licensed bar, providing multiple income opportunities under one roof.
The restaurant currently operates approximately 38 hours per week, offering lunch and dinner service while delivering an excellent lifestyle balance for the current owners. The adjoining Rialto Vino Bar is presently utilised mainly on weekends (Fri & Sat), leaving significant untapped potential for a new owner.
A motivated operator could further grow the business by expanding trading hours, increasing private functions, introducing live entertainment, wine tastings, cocktail evenings, themed events, karaoke nights or other entertainment concepts (STCA). The possibilities are extensive for someone with vision and enthusiasm.
Rialto Gallery Restaurant has proudly served the Burnie community for decades and has earned a loyal customer following, making it a true local institution. After seven successful years of ownership, the current vendors have made the difficult decision to pass this outstanding business on to its next custodians.
The business is efficiently operated by two working owners, supported by experienced and reliable staff, ensuring smooth day-to-day operations. A comprehensive handover and training period will be provided to assist the successful purchaser.
Business Highlights
• Fully licensed restaurant and separate licensed Vino Bar
• Excellent main road exposure in Burnie CBD
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Property Details for 46 Wilmot St, Burnie

Building Type
Commercial
Floor Size
1m2
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About Burnie 7320

The size of Burnie is approximately 1.4 square kilometres. There are 3 parks, covering nearly 7.6% of the 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 856 properties. Over the last 5 years, Houses in Burnie have seen a 60.26% increase in median value, while Units have seen a 78.49% increase. As at 31 July 2026:

  • The median value for Houses in Burnie is $547,060 while the median value for Units is $456,164.
  • Houses have a median rent of $470 while Units have a median rent of $330.
There are currently 6 properties listed for sale, and no properties listed for rent in Burnie on OnTheHouse. According to Cotality's data, 33 properties were sold in the past 12 months in Burnie.

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Praveen Pant
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