8 Alexander Street Burnie TAS 7320

Opportunity exists to purchase this uniquely positioned property sitting on a 743m2 block which is adjacent to another larger site located at 62-64 Wilmot Street, Burnie, giving a spectacular opportunity for development potential (STCA).

The possibilities are endless with this site due to the potential footprint if you buy both. This property has not come to market in over 30 years and no doubt in the current buying climate it will not be around for long.

With the current tenancy in place it gives a rental return of 4% with increases built into the lease.

Important Details of the Lease Agreement:
Current Lease Expiry: 28/01/2023
Additional Terms: 2 x 1 years
Rent Amount: $22,800 +GST
Rent Increases: 3% annually

Council Rates: $4,443 annually
Land Tax: $1,523 annually
Water Rates: $800 annually