25 Rooke Street,
Devonport, TAS 7310

This very well maintained circa1900 commercial property with 2 solid tenants upstairs and down is now available for sale. Opportunities like this don’t come up very often.

The building is situated just 50 metres from Devonport Mall and is located within the precinct of the Devonport City Council’s much heralded and ambitious Living City project.

The upstairs façade has been carefully renovated and presents as one of the more attractive in Southern Rooke Street. The shop front at street level has also been modernized and the entire property requires no maintenance in the foreseeable future.

A separate internal walkway provides easy access to upstairs and down from Rooke Street at the front and Rooke Lane at the rear. There are two dedicated parking spaces at the rear of the building for tenants, and a large Council car park only metres from the back entrance.

With combined net rents of $30,697, this property represents excellent value with a return on investment exceeding 9% pa on the asking price.

Both tenancies - a fashion clothing store, and an Advanced Life Skills Management consultancy are solid and have secure leases with options at the expirations of their current terms.

This would suit an investor at any stage of their portfolio – either a 1st up investor wanting to break into the property market, or a seasoned campaigner looking to boost their retirement strategy.

Give Leon a call to discuss.