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