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ASX Listed Anchored Dual Income Property - Long Secure Le...

62-66 Rooke Street, DEVONPORT TAS, 7310

For Sale

Property for Sale in 62-66 Rooke Street, DEVONPORT TAS, 7310

Listing ID:
11354388
Status:
Active
For:
Sale
Price:
Contact Blake Shepherd
Last Updated:
01/11/2019
Icon building

Property Type

Retail
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Land Area

903 SQM
Icon size

Floor Area

730 SQM
Icon parking

Parking

0

ASX Listed Anchored Dual Income Property - Long Secure Leases with Options to 2028

Outstanding dual income Mall retail property offering secure leases to long term tenants, located less than 50m to the $250m Devonport Living City redevelopment (under construction).

- Rivers Retail Pty Ltd: Fully owned subsidiary of Noni B group (ASX: NBL - Marked Cap of $254m) - one of Australia's largest women's fashion retailers with approx 1,350 stores nationally and sales of approximately $1 billion per year
- Renewed 5 year lease to Rivers Retail Pty Ltd with Option to 2028 550m2 tenancy
- Renewed 3 year lease to Lemon Tree Chinese Massage with Options to 2028 145m2 tenancy with 5 outlets in Northern Tasmania
- Convenient rear access opposite Cinema and McDonalds
- Ability to convert to one large retail premises with gross building area in the order of 730m2 plus basement storage.
- Invaluable Right of Way for stock delivery off Best Street

Net rental $111,540p.a

For further details contact Blake Shepherd

For more details, please email agent

Shepherd & Heap

49 Cameron Street, Launceston, TAS 7250


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