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DEVONPORT TAS, 7310

For Sale
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Property for Sale in DEVONPORT TAS, 7310

  • Colin Rowlands
Listing ID:
11362306
Status:
Active
For:
Sale
Last Updated:
18/09/2020
Price:
$799,000

Property Type

Retail

Land Area

569 SQM

Floor Area

500 SQM

Parking

0

High-Exposure Corner Vacancy, With Multiple Long Term Tenants - Great Commercial Investment

103 Oldaker Street is positioned on a corner site and into Kempling Street, a popular shopping precinct in Devonport. Surrounded by many retailers including UBet, IGA Supermarket, Takeaway outlets, a school and Doctors Surgery, with long standing tenancies in place.

Tenants include RJ Print & Signs, (Shop 1 &2), Taco Villa Restaurant (Shop 4) and Indian Curry Restaurant & Grocery (Shop 5). There is one vacant section of the property (Shop 3), with affordable rent on offer and the vacancy rate in the area rapidly declining. Shop 1 & 2 will be becoming vacant mid-December, presenting an owner-occupier the opportunity to secure the desirable corner location of Shop 1 & 2, with the added option of expanding through to Shop 3.

The property borders the main carpark for the shopping precinct, benefiting from a significant volume of daily traffic accessing that area. The two restaurant tenancies are popular of an evening.

Tenancies in Shop 4 and 5 are long-term, supplementing an owner-occupier for the corner position if required. All tenants pay their respective share of Rates, Water and Land Tax charges.

List price is $799,000. GST is not expected to apply.

Please contact Colin Rowlands at Halliwell Property Agents for all enquiries.

For more details, please email agent

Halliwell Property Agents

17 Best Street, Devonport, TAS 7310

  • Colin Rowlands

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