205 Mount StreetUpper Burnie TAS 7320
Property Details for 205 Mount St, Upper Burnie
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.
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
Property History for 205 Mount St, Upper Burnie, TAS 7320
- 03 Oct 2018Sold for $825,000
- 19 Sep 2018Sold for $825,000
- 30 Aug 2018Listed for Sale BY OFFER
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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 982 properties. Over the last 5 years, Houses in Upper Burnie have seen a 75.20% increase in median value, while Units have seen a 66.30% increase. As at 31 May 2026:
- The median value for Houses in Upper Burnie is $493,730 while the median value for Units is $413,547.
- Houses have a median rent of $450 while Units have a median rent of $350.
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