23-26 Marine Terrace Burnie TAS 7320

Gross Waddell ICR is pleased to offer this highly coveted commercial investment located at 23-26 Marine Terrace, Burnie. Nestled on the corner of Marine Terrace and Ladbrooke Street, this high quality and long-term home to Centrelink offers a secure income stream and a landlord-favourable lease structure.

Key Investment Highlights

Renewed seven (7) year lease from 21st March 2025 with a further three (3) year option

Leased to Commonwealth of Australia represented by Services Australia, providers of Medicare, Centrelink and Child Support

Easily managed, single tenanted premium investment secured by a top tier Government lease covenant

Landlord-favourable net lease, with land tax recoverable

Assured rental growth through fixed annual increases

Substantial rental profile generating $500,000 net per annum*

Modern 1,276 sqm* on a significant 1,757 sqm* Central Business Zone site

Burnie is a crucial port city on Tasmania's northwest coast, acting as a vital gateway for the state's economy

Thriving central CBD location, surrounding by a plethora of hospitality hotspots and national retailers

The property is for sale via an Expressions of Interest campaign closing Thursday the 29th of May 2025 at 3 pm. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*Approximate