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Knight Frank - Devonport

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

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

Shops & Retail • Showrooms & Large Format Retail

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Knight Frank - Devonport
Nicholas Bond

Knight Frank - Devonport

4 Stewart Street
DEVONPORT, TAS 7310
04143950...
Knight Frank - Devonport
Shops 1 & 2, 8-10 Stewart Street
Devonport, TAS 7310

Map of Shops 1 & 2, 8-10 Stewart Street

Directions

Central CBD Holding – 2 shops, 1 tenant – fully leased

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).

Property ID: 503018898Last Updated: 10 Feb 2019

Knight Frank - Devonport
4 Stewart Street
DEVONPORT, TAS 7310
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