23 Forbes Street,
Devonport, TAS 7310

23 Forbes Street Devonport provides a significant opportunity for investors to acquire a low maintenance, modern building providing high quality accommodation and excellent exposure to Forbes Street.

The building is fully serviced and contains modern high quality finishes. Investment properties of this quality with significant lease tenure are rare to the market and tightly held.

Knight Frank recommends close consideration by investors seeking the following investment qualities:

• A new 6 year lease with further 4 year option to existing long standing tenant
• Annual CPI increases, with market review at exercise of option
• Tenant pays usual outgoings
• Modern, attractive and versatile building with estimated net area of 349sqm
• On site car parking
• Corner site with significant exposure to passing traffic
• Net passing income $47,500 + GST per annum (approx)
• Built 2012 – Attractive Depreciation Benefits

To inspect this property or receive additional information, please contact Knight Frank.

Sold prior to EOI close under Vendor's instructions.