31 Marine TerraceBurnie TAS 7320
Property Details for 31 Marine Tce, Burnie
31 Marine Tce, Burnie is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1939. The property has a land size of 534m2 and floor size of 348m2. While the property is not currently for sale or for rent, it was last sold in May 2013.
Last Listing description (February 2026)
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 534m 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
Positioned for future capital growth (STCA)
Off-street parking rare in this part of Burnie
Sold as a going concern no GST applicable if applicable conditions are met
Opportunity for development within a sought after area
Whether you're looking to diversify your portfolio or secure a foothold in one of Tasmania's emerging growth corridors, 31 Marine Terrace delivers the perfect balance of stability and upside potential.
Contact our office today for the detailed Information Memorandum.
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.
Property History for 31 Marine Tce, Burnie, TAS 7320
- 19 Dec 2025Listed for Sale $520,000
- 06 Jun 2025Listed for Sale $520,000
- 21 Sep 2018Listed for Rent $250 / week
Recent sales nearby
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0About 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 857 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.
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