45-47 Rooke Street Devonport TAS 7310

Elders Commercial Tasmania together with Burgess Rawson from CBRE is pleased to offer to the market the NAB bank in Devonport TAS for sale via our Investment Portfolio Auction 178.

This opportunity has the following key investment highlights:

+ Six (6) Year lease to 2030 plus further options to 2040.
+ Tenant investment of $1.7m* to establish new open plan design branch in June 2024.
+ National Australia Bank (ASX: NAB): Top 3 ASX listed financial institution with over 8.5 million customers and 39,000 employees and market cap circa $122 billion. (1)
+ Investor preferred net lease to NAB, with tenant responsible for share of council/water rates, land tax and building insurance as per the lease.
+ Strong and certain income growth with fixed annual, compounding 4% increases.
+ Complementary income streams derived from two upper-level tenancies leased to office and beautician uses, with leases to 2027 & 2030 plus options.
+ Strategically positioned on the corner of the Rooke Street Mall in the CBD of Devonport, which is one of the dominant retail strips of North West Tasmania.
+ Irreplaceable 311sqm* freehold corner landholding with frontages to the Rooke Street Mall and Stewart Street, within the Devonport Central Business zone. Part three level building with total GBA of 807 sqm*.
+ Devonport: a diversified economy based on the traditional sectors of Retail Trade, Health Care and Social Services, Manufacturing and Freight. With LIVING CITY, Devonport is emerging as the service, retail, tourism and cultural capital of North West Tasmania.
+ Tourism: Tasmania welcomed 1.306 million visitors in the year ending September 2024, up 3.5% on 2023.
+ Estimated Net Income: $113,198pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Wednesday 6 August 2025
Garden Room, Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

*Approx
1 NAB