Shops 1 & 2, 8-10 Stewart Street,
Devonport, TAS 7310

Knight Frank is pleased to offer for sale a well-positioned and fully leased retail asset known as Shops 1 and 2, 8-10 Stewart Street, Devonport.

This fully leased property comprises two strata title shops which are leased and operated as one tenancy. The property has long history as being home to “Picture This” a local homewares, furnishings and furniture store (est circa 1994) and more recently ‘Picture this Place’ and ‘Picture this Showroom’.

The property is offered for sale subject to a new lease to ‘Picture this Place Pty Ltd’ on a 3+3 year term commencing 1 November 2018. Current rental is $48,000 pa + GST and Outgoings, with annual CPI reviews.

The property is very well located on Stewart Street, which provides one of the more aesthetically appealing streets in the Devonport CBD. The site is within a short walk of the Rooke Street Mall, Mersey River and a large council owned car park adjacent to the CMAX Cinema complex.

Shops 1 and 2, 8-10 Stewart Street, Devonport are being offered for sale at $575,000 + GST (if applicable).