39-41 Alexander & 54-56 Mount Street, BURNIE – For Sale in One line or Individually
Ultra Rare Office Investment with Extensive Development Upside
Two supremely prominent commercial office buildings leased to a stable of strong tenants including nationals, Fairfax Media and Zap Fitness and financial service providers Mancell Financial and Vie Financial all on 5 year lease terms with options and attractive 3/3.5% annual rental increases.
Alexander Street offers an estimated net annual income of $400,000 (fully leased) whilst Mount St provides 1,480m2 of space ready to lease or develop.
Ideally positioned within the desirable Mount and Alexander St retail district with coveted ‘Central Business’ zoning. Neighbours include Target, Pharmacy4less, Kmart/Coles, Best and Less and Burnie Council Chambers. Burnie is a port town and considered the major freight gateway to Tasmania, as such Burnie is home to major banks, fast food outlets and DDS Kmart. With Tasmania's growing tourist industry, the port also has increasing importance as a cruise ship destination, 29 vessels are booked for the 18/19 season carrying a total of 62,000 passengers.
This highly expansive double-fronted landholding comprising 4,133m2 of gross building area and 53 car bays across 4,480m2 of land in two titles is the largest site area of any commercial office in the Burnie city precinct and offers significant future development/repositioning prospects (STCA).
For Sale by Expressions of Interest in one line or individually – closing 5pm Wednesday 31st October 2018
For further details please call Blake Shepherd