59 Strahan St, South Burnie is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1935. The property has a land size of 493m2 and floor size of 228m2. While the property is not currently for sale or for rent, it was last sold in January 2019.
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.
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 20262027 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
The size of South Burnie is approximately 1.7 square kilometres. There are 4 parks, covering nearly 4.5% of the total area. The population of South Burnie in 2016 was 331 people. By 2021 the population was 348 showing a population growth of 5.1% in the area during that time. The predominant age group in South Burnie is 30-39 years. Households in South Burnie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Burnie work in a community and personal service occupation.In 2021, 69.20% of the homes in South Burnie were owner-occupied compared with 68.10% in 2016.
South Burnie has 333 properties. Over the last 5 years, Houses in South Burnie have seen a 75.27% increase in median value, while Units have seen a 67.84% increase. As at 31 May 2026:
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