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100 Best Street Devonport TAS 7310

  • Offices
  • 379 m²
  • For Sale, Contact Knight Frank for Details

Dual ASX Listed Office Investment

    Knight Frank are pleased to bring to market this fully leased, dual tenancy office building, situated in a prime commercial location along Best Street, Devonport.

    The property comprises two titles, which combined totals approximately 1,417 sqm.  The front allotment features the main building, while the rear Title features a private car parking area for approximately 14 vehicles, plus a sealed access driveway.

    Both tenancies have been updated in recent years and provide a modern standard of fit-out and finish.  Both tenancies are leased to National Tenants (IOOF & Veris) with terms expiring in 2022 and 2025 (both with options to extend for a further five years).  Each tenant pays a 50% share of Council rates, water and single holding Land Tax. Estimated net income is approximately $109,458 (before owners outgoings).

    Standalone regional office assets have performed well in comparison to capital city markets, with normalised levels of 'post Covid 19' utilisation and strong local leasing fundamentals. 100 Best Street is for sale by Private Treaty. For further information or to inspect, please contact Nicholas Bond or Clinton O'Keefe of Knight Frank.

    Property Highlights

    Property ID2016917420
    Floor Area379 m²
    Land Area1,417 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  7 Apr 2021
    Map for 100 Best Street Devonport TAS 7310
    Map for 100 Best Street Devonport TAS 7310100 Best Street Devonport TAS 7310
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2016917420
    Floor Area379 m²
    Land Area1,417 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  7 Apr 2021
    Knight Frank Tasmania - Devonport
    48-54 Oldaker Street Devonport TAS 7310

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