11 Reibey StreetUlverstone TAS 7315
Property Details for 11 Reibey St, Ulverstone
Last Listing description (September 2023)
11 Reibey Street, Ulverstone presents as a rare opportunity for astute investors to acquire a "main street" retail building at the heart of the town's commercial precinct, fully leased to a dominant ASX listed tenant Reject Shop Limited.
Reject Shop, founded in 1981, has over 370 stores nationally and generated total sales FY21 of $779 million.
Reject Shop, Ulverstone provides a significant opportunity to acquire a fully leased asset within a tightly held retail strip at the centre of a vibrant coastal centre, evidenced by the following.
- New, five year lease from 1 August 2022
- ASX listed Lessee, Reject Shop Limited
- Current gross passing rent $155,000*
- Annual fixed 3% increases
- Prime, main street position
*Approx.
Property History for 11 Reibey St, Ulverstone, TAS 7315
- 16 Jun 2023Listed for Sale Offers considered
- 26 Oct 2022Listed for Sale Offers considered
- 05 Jul 2019Sold for $1,500,000
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About Ulverstone 7315
The size of Ulverstone is approximately 16.6 square kilometres. It has 14 parks covering nearly 3.7% of total area. The population of Ulverstone in 2016 was 6465 people. By 2021 the population was 6653 showing a population growth of 2.9% in the area during that time. The predominant age group in Ulverstone is 60-69 years. Households in Ulverstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ulverstone work in a community and personal service occupation.In 2021, 70.10% of the homes in Ulverstone were owner-occupied compared with 67.70% in 2016.
Ulverstone has 3,887 properties. Over the last 5 years, Houses in Ulverstone have seen a 71.61% increase in median value, while Units have seen a 51.17% increase. As at 31 January 2026:
- The median value for Houses in Ulverstone is $559,001 while the median value for Units is $456,435.
- Houses have a median rent of $470 while Units have a median rent of $420.
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