205 Mount Street, Upper Burnie, TAS 7320 | Property Value & History | OnTheHouse
 
OFF MARKET

205 Mount Street
Upper Burnie TAS 7320

Bedrooms: 3
Bathrooms: -
Car spaces: -
Floor area: 420m2
Land area: 1155m2
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Property Details for 205 Mount St, Upper Burnie

Building Type
Commercial
Year Built
2004
Floor Size
420m2
Land Size
1155m2
Local Government
Burnie
Lot/Plan
1/137548

Last Listing description (November 2018)

Knight Frank has the exclusive opportunity to offer for sale a fully leased retail premises located in the retail heart of Upper Burnie.
205 Mount Street, Upper Burnie, presents a modern standalone building constructed circa 2004. The building, located on a site totaling approximately 1,155 sqm, benefits from significant exposure to passing traffic along Mount Street, which is a key connector road linking the main residential suburbs of Burnie and its surrounds to the CBD and local highway network. A recent traffic report has noted that Mount Street averaged 11,000 vehicles a day, with more than half heading south .
The property has been home to a pharmacy since its construction in circa 2004 and is currently offered for sale subject to a lease to a partnership trading under the Alliance Pharmacy brand on a 5+5 year term commencing 31 May 2015. Current rental is $71,400 per annum plus GST and Outgoings, with a CPI review due on 31 May 2019.

205 Mount Street, Upper Burnie, provides a highly functional and high profile building zoned local business within the Upper Burnie shopping precinct, presenting investors with the opportunity to acquire a modern, well presented standalone building that is fully leased and located in a prominent location. This asset has the following key attributes:
High traffic location, averaging 11,000 vehicles a day
Key connector road to the CBD
Located in the centre of a well-regarded retail precinct servicing a wide residential area
Close to supermarket, services and retail
Concrete tilt up panel construction (c 2004)
Approximately 364 sqm Gross Lettable Area (Retail)
Approximately 1,155 sqm site, zoned Local Business
5+5 year term commencing 31 May 2015
Current rental of $71,400 per annum plus GST and Outgoings
Tenant pays all usual outgoings
On-site parking for seven vehicles

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Property History for 205 Mount St, Upper Burnie, TAS 7320

A timeline of how this property has performed in the market
Last Sold
$825,000
03 Oct 2018
  • 03 Oct 2018
    Sold for $825,000
  • 19 Sep 2018
    Sold for $825,000
  • 30 Aug 2018
    Listed for Sale BY OFFER
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About Upper Burnie 7320

The size of Upper Burnie is approximately 1.2 square kilometres. It has 1 park covering nearly 6.9% of 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 980 properties. Over the last 5 years, Houses in Upper Burnie have seen a 81.99% increase in median value, while Units have seen a 56.83% increase. As at 30 November 2025:

  • The median value for Houses in Upper Burnie is $443,994 while the median value for Units is $355,829.
  • Houses have a median rent of $420 while Units have a median rent of $328.
There are currently 3 properties listed for sale, and no properties listed for rent in Upper burnie on OnTheHouse. According to Cotality's data, 51 properties were sold in the past 12 months in Upper burnie.

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