Shop 2, 2/40 Rooke Street,
Devonport, TAS 7310

We are delighted to offer 2/40 Rooke Street, Devonport, Tasmania for sale by Private Treaty. Leased to 'Caseway', with over 23 stores around the country and situated in the Rooke Street Mall, this asset provides an estimated net income of $58,213* p/a excluding GST.

Rooke Street Mall is one of northern Tasmania’s leading strip mall retail locations and 2/40 Rooke benefits from neighbours such as Banjos Bakery, Strandbags and ANZ along with many other national brands in the immediate vicinity of the mall.

Boasting an 8.0* m frontage to the mall and ample upper-level storage, the property is fully leased to Caseway until April 2027, with a further two tenant options until 2033. In addition, the lease provides for annual fixed 3.00% rental increases along with full recovery of Council rates, water rates and single holding land tax.

The property is For Sale by Private Treaty at $845,000 + GST (if applicable), providing an affordable ‘entry level’ retail investment in high profile 'mall' location.

*Approximately