203 Mount StreetUpper Burnie TAS 7320
Property Details for 203 Mount St, Upper Burnie
Last Listing description (March 2025)
We are please to bring to the market this multi-tenant commercial investment opportunity. Comprising of three commercial tenancies and one residential tenancy the property offers a good spread of risk across the title. This site has access from the rear and affords off-street parking for all the tenants in question. The tenancy mix is one resident, a popular Thai restaurant, a modern laundromat, and a work shed of approx. 150m2 at the rear.
Land size: 1,062m2 (approx.)
Building size 179m2 (approx.)
Total nett income: $57,912.96
Approx yield based on asking price: 6.6%
High exposure
Off-Street parking
Single title
Copies of leases available upon application
Property History for 203 Mount St, Upper Burnie, TAS 7320
- 25 Mar 2025Listed for Sale $880,000
- 19 Dec 2023Listed for Rent $25,028 / year
- 02 Mar 2023Listed for Rent $25,000 / year
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0About Upper Burnie 7320
The size of Upper Burnie is approximately 1.2 square kilometres. There is 1 park, covering nearly 6.9% of the total area. The population of Upper Burnie in 2016 was 1821 people. By 2021 the population was 1891 showing a population growth of 3.8% in the area during that time. The predominant age group in Upper Burnie is 60-69 years. Households in Upper Burnie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Upper Burnie work in a trades occupation.In 2021, 57.40% of the homes in Upper Burnie were owner-occupied compared with 56.70% in 2016.
Upper Burnie has 986 properties. Over the last 5 years, Houses in Upper Burnie have seen a 66.86% increase in median value, while Units have seen a 60.25% increase. As at 31 August 2026:
- The median value for Houses in Upper Burnie is $505,359 while the median value for Units is $408,998.
- Houses have a median rent of $463 while Units have a median rent of $360.
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