Share this property

realcommercial.com.au

16-18 Stewart Street Devonport, TAS 7310

Directions

16-18 Stewart Street,
Devonport, TAS 7310

Shops & Retail • Offices

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 16-18 Stewart Street

Directions

CBD Arcade Investment with Potential

Known as the Churcher's Arcade this property is situated on the CBD retail strip of Stewart Street. The arcade acts as a pedestrian connecter between Stewart Street and the very popular council carpark around the CMax Cinema complex. The arcade makes movement from the cinema complex, café's, Harris Scarfe, McDonalds and other retailers shorter and easier. As a result the arcade experiences heavy foot traffic.

The arcade is split between two titles and there are two separate owners. The half we are offering is the Eastern side of the arcade only. This side of the arcade has four tenancies. All except one have been long-term tenants. The arcade also has a first floor office space which is currently vacant. This area consists of one individual office room, shared male and female toilets in the hallway and a larger office space comprising of approx.. three rooms. Currently vacant this presents an opportunity to increase yields via tenancy or perhaps creative development.

This is a unique property that comes with unique circumstances. For the right buyer it represents great opportunity. For more information please contact our office

Current annual rental income: $49,000 p.a. + GST

Property ID: 502180286Last Updated: 17 Feb 2021

proptrack logo
This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.
03 6420 80...
realcommercial.com.au logo
16-18 Stewart Street
Devonport, TAS 7310
Halliwell Property Agents - DEVONPORT
17 Best Street
DEVONPORT, TAS 7310

Make an enquiry

What's your enquiry about?

Enter your details

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.