Knight Frank is pleased to offer for sale a well-positioned and fully leased cafe asset. The property is strategically located on a key connector road within Devonport and benefits from a strong level of passing traffic.
Unit 1/53 Forbes Street comprises a single level strata titled building with on-site parking.
The property is fully leased to a café operation trading as ‘Playfish’. Playfish was established in November 2008 and sold to the current tenants in August 2015.
The business is popular with locals and is well known for its coffee and is frequented by cycling groups, trades and emergency service workers due to its location, accessibility and on-site parking. The property is being sold with a 5 year lease in place from 1 August 2019, with one further option of five years. Current annual rental is $27,000 + Outgoings. Tenant outgoings include Council rates, water rates and land tax.
For Sale by Private Treaty at $350,000 + GST (if applicable). For further details, please contact Knight Frank.
For more details, please email agent