11a Wiseman Street, Burnie TAS

For Sale




Known as "Shorewell Plaza" and situated within the vibrant city of Burnie on Tasmanias north west coast, this strongly performing shopping centre offers an excellent property investment.

Tenancy mix includes the Woolworths owned BWS liquor; IGA Supermarket; Pharmacy; Hair Salon - each with secure leases of good longevity. Plus there is some 400m2 of vacancy, which provides an opportunity to increase the rental income.

Current leases are as follows:

BWS Liquor - 7 years from 1 September 2010
IGA Supermarket - 5 years from 1 August 2010
Pharmacy - 7 years from 1 December 2012
Hair Salon - 5 years from 1 February 2013

Property is zoned Commercial with a total land area of 4383m2* and approx. GLA of 1577m2*.

Current passing rent is $220,200* - which is supported by excellent, soon to be applied, rent reviews.

Please contact David Webster of Knight Frank on 0419 516 629