8 Formby Road,
Devonport, TAS 7310

8 Formby Road presents as an exceptional 'entry level' investment with the prospect of a healthy circa 8.5% return for the purchaser. A well maintained commercial property it is fully leased with net income of some $57,351 p.a (at 1 April). Other features include:
. strategically located on major arterial feeder between CBD and state highway interchange
. high profile address on Formby Road with PetBarn, Luxaflex, Stihl, Shell, Bluescope and CSR Gyprock representative of the strong and varied businesses in the immediate vicinity
. excellent leasing history with full tenancy for over 20 years
. expanding national food distributor Second Bite now the major tenant on secure long term lease to November 2025 (includes options)
. strong and established Tasmanian group Allgoods lease the second tenancy on newer lease to March 2024 (includes options)
. 929 sq metre site with 21 metre frontage, good access and parking zoned 'Commercial'

FOR SALE BY AUCTION 11AM WEDNESDAY 22 FEBRUARY 2017 (at Crown Casino Melbourne in conjunction with Burgess Rawson). Contact Ian Singline
at Shepherd & Heap for further details - full IM property report available, inspections by appointment.