158 Wilson Street, located just to the south of the Burnie CBD, comprises 4 Art Deco apartments on one title, with dual street access and separate lock up parking.
These units are within a tightly held and sought after residential precinct close to the CBD. Properties of this nature within income generating potential are rare to market and are becoming increasingly sought after.
Currently used by an accommodation provider, this property provides the opportunity for a discerning investor to continue the current use or utilise the building for a combination of long and short term residential purposes.
Unit 1: 3 bedrooms, 1 bathroom
Unit 2: 2 bedrooms, 1 bathroom
Unit 3: 1 bedroom, 1 bathroom
Unit 4: 1 bedroom, 1 bathroom
Total floor area: 386 sqm
* Extensively furnished, all furniture will form part of sale
* Historically returning a fully let gross income of circa $1,100 per week
* Potential to achieve a fully leased gross return in excess of 9.00%
* Flexibility and opportunity for investors, developers, occupiers and accommodation providers
