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62-66 Rooke Street Devonport TAS 7310

  • Retail
  • 730 m²
  • For Sale, Contact Blake Shepherd

ASX Listed Anchored Dual Income Property - Long Secure Leases with Options to 2028

Outstanding dual income Mall retail property offering secure leases to long term tenants, located less than 50m to the $250m Devonport Living City redevelopment (under construction).

Immense future income upside with rent below market at only $158/m2 net on the 700m2 retail area.

- Rivers Retail Pty Ltd: Fully owned subsidiary of Noni B group (ASX: NBL - Marked Cap of $254m) - one of Australia's largest women's fashion retailers with approx 1,350 stores nationally and sales of approximately $1 billion per year
- Renewed 5 year lease to Rivers Retail Pty Ltd with Option to 2028 550m2 tenancy
- Renewed 3 year lease to Lemon Tree Chinese Massage with Options to 2028 145m2 tenancy with 5 outlets in Northern Tasmania
- Convenient rear access opposite Cinema and McDonalds
- Ability to convert to one large retail premises with gross building area in the order of 730m2 plus basement storage.
- Invaluable Right of Way for stock delivery off Best Street

Net rental $111,540p.a (assuming 2.3% CPI increase September 2019)

For further details contact Blake Shepherd

Address62-66 Rooke Street Devonport TAS 7310
Zoning22.0 Central Business
CouncilDEVONPORT CITY COUNCIL
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2015450163
Floor Area730 m²
Land Area903 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  16 Aug 2019
Map for 62-66 Rooke Street Devonport TAS 7310
Shepherd & Heap Estate Agents
49 Cameron Street Launceston TAS 7250

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