Fully leased investment within the main shopping strip of Wynyard on Tasmania's north-west coast. Fully renovated and fitted for B & E bank in 2014 and re-branded as "Bank of Us" (with commensurate re-fit) in 2017, the property presents immaculately and is positioned directly next door to one of Tasmania's leading retailers, Shiploads. Lease term of seven years from 2014, and with a further five year option, the latter of which has been exercised, which extends the lease term until mid-2026.
Established circa 1870 as Launceston Equitable Building and Investment Society, the customer-owned financial institution has evolved to become in 2017 the "Bank of Us", the only Tasmania customer owned bank, with branches throughout Tasmania.
Wynyard is a vibrant residential and commercial center, supporting one of Tasmania's most significant agriculture sectors. The "Bank of Us" provides its community with a valuable and customer-focused alternative to the 'big four".
Rent from 1 June 2021 approx $36,000 nett. Futher details are available by enquiry.
The size of Wynyard is approximately 53.5 square kilometres. There are 19 parks, covering nearly 17.2% of the total area. The population of Wynyard in 2016 was 6001 people. By 2021 the population was 6296 showing a population growth of 4.9% in the area during that time. The predominant age group in Wynyard is 60-69 years. Households in Wynyard are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wynyard work in a trades occupation.In 2021, 69.60% of the homes in Wynyard were owner-occupied compared with 67.60% in 2016.
Wynyard has 3,547 properties. Over the last 5 years, Houses in Wynyard have seen a 69.18% increase in median value, while Units have seen a 53.31% increase. As at 30 April 2026:
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