High Yielding Value-Add Investment Opportunity
15-27 Murray Street, EAST DEVONPORT TAS
Description
Includes 9 shops, 2 ATMs, etc plus advertising billboards.
Complementary tenancy mix includes Cafe, Restaurant, Hairdresser, Florist, Furniture & Discount retailer.
Substantial commercial landholding of 2,400 sqm on two titles.
Excellent shopfront customer parking.
Extensive retail frontage and exposure.
Attractive and well maintained 1,112 sqm buildings with recent capital expenditure.
Further development and/or subdivision potential STCA.
Irreplaceable gateway position immediately adjacent to the Spirit of Tasmania Ferry Terminal.
Devonport East: Immediate population circa 8,000.
Current Rent: $83,785.80 pa.
Potential Rent: $96,740.80 pa (fully let basis).
Interstate and local bidding by prior arrangement.
Auction 11am AEDT Wednesday.
25 February River Room, Crown Casino, Melbourne.
Complementary tenancy mix includes Cafe, Restaurant, Hairdresser, Florist, Furniture & Discount retailer.
Substantial commercial landholding of 2,400 sqm on two titles.
Excellent shopfront customer parking.
Extensive retail frontage and exposure.
Attractive and well maintained 1,112 sqm buildings with recent capital expenditure.
Further development and/or subdivision potential STCA.
Irreplaceable gateway position immediately adjacent to the Spirit of Tasmania Ferry Terminal.
Devonport East: Immediate population circa 8,000.
Current Rent: $83,785.80 pa.
Potential Rent: $96,740.80 pa (fully let basis).
Interstate and local bidding by prior arrangement.
Auction 11am AEDT Wednesday.
25 February River Room, Crown Casino, Melbourne.
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
2,400 SQM
Building Area
1,112 SQM