158 Wilson Street,
Burnie, TAS 7320

158 Wilson Street located just to the south of the Burnie CBD comprises 4 art deco apartments on one title, with duel street access and separate lock up parking. These apartments are within a tightly held and sought after residential precinct close to the CBD. Properties of this nature with 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 generate considerable cash flow by continuing the current use or utalising the building for a combination of long and short term residential purposes.

Key features include:

- 4 apartments on one title, duel street frontages to Wilson and Moody streets
- Flexible sizes - 2x1 bedroom apartments, 1x2 bedroom and 1x3 bedroom
- Extensively furnished. All furniture will form part of the sale
- Recently 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%
- Currently vacant allowing for the potential to update or refurbish
- Flexibility and opportunity for investors, developers, occupiers and accommodation providers

To inspect this property or receive additional information, please contact Nicholas Bond of Knight Frank Devonport.