Back 140 Mount St
Off Market

140 Mount St

Hillcrest TAS 7320

15
8
539 m²
725 m²
Block of units
Matt GriceMatt Grice, last sold this property on 21 August 2025 after 111 days on market.

Overview

Exceptional Investment Opportunity - Block Of 8 Tenanted Units

Unlock the potential for lucrative returns with this fully tenanted complex, offered as a single investment package. Unlock immediate rental income and strong long-term capital growth! Excellent long term tenants in place. Located in the heart of Hillcrest, the unit complex benefits from close proximity to the Burnie CBD, Upper Burnie shopping, medical facilities, both primary and high schools, recreational activities and public transport almost at your front door. Whether you're a seasoned investor looking to expand your portfolio or a developer seeking your next project, this is a rare opportunity to miss! The building is very solid, maintenance has been kept up with minimal money needed to be spent on the building. Offering a great investment opportunity: Unit 1, Unit 2, Unit 3 and Unit 4 - Located on the upper level, are all complete with: 2 bedrooms, with built in wardrobes Spacious separate lounge room Electric wall heater Combined kitchen and dining area Separate laundry with external access Bathroom consists of a shower over the bath and toilet Unit 5, Unit 6 and Unit 7 - Located on bottom level, are complete with: 2 bedrooms with built in wardrobes Combined kitchen, dining and laundry Electric wall heater Bathroom consisting of a shower over the bath Separate toilet Private fenced backyard Unit 8 - Located on bottom level consists of: 1 bedroom with a built in wardrobe Electric wall heater Combined wet room consisting of bathroom and laundry Combined kitchen and lounge area Separate toilet Location: Situated just a short drive/ stroll (only 1km!) from Burnie's CBD, the residents benefit from easy access to essential services, including shopping centres, medical facilities, and recreational activities. The location offers convenient access to public transportation, enhancing connectivity for residents without private vehicles! Be quick to seize this outstanding opportunity! Size: 539m2 (approx.) Land Size: 725m2 (approx.) Beds: 15 Baths: 8 Year Built: 1960 One Agency Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Features

15 bedrooms
8 bathrooms
539 m² floor area
725 m² lot size
Block of units

Estimated Value

We need at least 3 similar 15 bedroom block of units sold in Hillcrest over the last 12 months.

Property history for 140 Mount St

2025
Sold
Undisclosed
21 Aug 2025 by Matt Grice, of One Agency Burnie
2018
Rented
Undisclosed
Leased on 19 Sep 2018 by Hampton Peters Real Estate

Happy sellers in Hillcrest

94%
94% of sellers in Hillcrest reported that their sale price either exceeded or met their price expectations.

Hillcrest stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Hillcrest over the last 12 months.

Local market activity for 15 bedroom block of units in Hillcrest

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