29 Main Road, Wivenhoe, TAS 7320 | Property Value & History | OnTheHouse
 
FOR SALE

29 Main Road
Wivenhoe TAS 7320

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 568m2
Land area: 715m2
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This property is currently on the market
Multi-tenanted Investment - Strong net return
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Property Details for 29 Main Rd, Wivenhoe

Building Type
Commercial
Year Built
1954
Floor Size
568m2
Land Size
715m2
Local Government
Burnie
Lot/Plan
3/214783

Last Listing description (September 2025)

RWC Tasmania jointly with Elders Commercial are pleased to offer to the market this multi-tenanted, mixed-use investment located in Wivenhoe, in Tasmania's thriving North West region.

The property is 100% leased to four (4) mixed-use tenants, anchored by well-known local hospitality operator, Leonardoz. The property has a passing net rental of $152,942* + GST, with tenants responsible for all statutory outgoings and building insurance.


Key Property Highlights:
+ Substantial 1,411sqm* 'Local Business' allotment, with dual street access, 22* on-site car parks and key Bass Highway Exposure.
+ Diverse mix of tenant's - Restaurant (Leonardoz), Hair Salon (Immerse Hair Studio), Chiropractor (Burnie Bayside Chiropractic) and a Residential apartment, all contained with a gross building area of 658sqm*
+ Net income of $152,942* per annum + GST with all commercial tenants on annual fixed 5% increases providing guaranteed rental growth.
+ Net leases - Commercial tenants pays all council rates, land tax, TasWater and building insurance.
+ Premium main road location with excellent exposure, surrounded by Bunnings, Nubco, Reece Plumbing, residential and various mixed-use assets (all within 2km*)
+ Burnie: Second largest City on the North-West of Tasmania and home to one of the State's key deep-water ports and Tasmania's largest general cargo port.

* Approx

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Property History for 29 Main Rd, Wivenhoe, TAS 7320

A timeline of how this property has performed in the market
Last Sold
$363,000
14 Nov 2009
  • 11 Sep 2025
    Listed for Sale Private Treaty
  • 14 Nov 2009
    Sold for $363,000
  • 09 Sep 2008
    Listed for Sale $495,000
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About Wivenhoe 7320

The size of Wivenhoe is approximately 1.5 square kilometres. It has 5 parks covering nearly 39.9% of total area. The population of Wivenhoe in 2016 was 220 people. By 2021 the population was 235 showing a population growth of 6.8% in the area during that time. The predominant age group in Wivenhoe is 50-59 years. Households in Wivenhoe are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Wivenhoe work in a labourer occupation.In 2021, 59.30% of the homes in Wivenhoe were owner-occupied compared with 54.00% in 2016.

Wivenhoe has 225 properties. Over the last 5 years, Houses in Wivenhoe have seen a 76.28% increase in median value. As at 28 February 2026:

  • The median value for Houses in Wivenhoe is $445,505 while the median value for Units is $526,900.
There are currently 2 properties listed for sale, and no properties listed for rent in Wivenhoe on OnTheHouse. According to Cotality's data, 8 properties were sold in the past 12 months in Wivenhoe.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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