38 Steele Street Devonport TAS 7310

Halliwell Property Agents is pleased to present shops 1 & 2 38 Steele St, Devonport.

This site has been home to the well-known Laneway Café for many years and is also home to the General Store specialising in homewares and premium local produce.

Shop 1 is into the first year of a five-year lease whilst shop 2 will be commencing a five-year lease on the 1st of July. The property is over 100 years old and was once a bakery which gives plenty of character rand old-world charm.

Both shops are paying $36,500 p.a. each plus outgoings and GST. Total nett rent of $73,000 expresses a yield of approx. 7.38%.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Property measurements, including square footage, room dimensions, and land size, are approximate and may vary.

Buyers are encouraged to conduct their own inspections and due diligence to confirm the accuracy of all details.