Knight Frank are pleased to offer 4 - 22 Wilmot Street, Burnie (Columnar Court) to the market.
The property represents a single level, freestanding commercial complex comprising retail and office tenancies. The property was developed as part of the prestige commercial/residential development of "Bay Renaissance Burnie".
The property is well located within the Burnie City Centre, adjacent to the Burnie Metro cinema complex and adjoining the "Bay Renaissance" residential complex to the north. A multi storey car park is situated opposite whilst a Woolworths supermarket is also in close proximity.
The building features 3 main retail tenancies fronting Wilmot Street, with additional tenancies fronting the cinema promenade and commercial office suites.
Built in 2006, the property benefits from significant building depreciation benefits.
The property is fully leased, with the tenants comprising mainly multi national retailers and government agencies. The property is currently returning a Net Rental of approx. $395,000 per annum.
