Due to the owners needs to invest into their own growing business and not having the time to maximise this properties huge potential, it is now sadly up for sale but ready for an astute investor who can recognise a gem.

This is a rare find! A 809m2 block and premisis in the busy and growing hub of East Devonport, where the local shops and services are literally a few hundred meters from the port where all of Tasmania’s vehicle tourism enters the state.

Currently configured with an upstairs unit, tenanted for $200.00 p/wk and the downstairs area comprises shop spaces. This is a corner lot with an ample parking area of 400m2 and a paved courtyard area also.

The potential here is amazing.
Car Yard / Coffee Shop/ Office Space – only your imagination is the limiting factor!

Some suggestions on use;

1. You can separate the downstairs into two spaces with self contained kitchens and office space, as there are existing toilet facilities in both halves already, so a simple matter of adding a kitchenette in each and separating the power would see an income of the three spaces earn an estimated $520-540 p/w. Cost to convert approx 30k, inc. power separation, paint out, new floor coverings and kitchenettes.

2. You can leave as is and rent the two spaces for an estimated $450.00 p/w. The current owner was recently recieving 13%, $500.00 p/w.

3. Set up shop yourself and live upstairs, what a better way to save on costs, and reduce travel time to work!!

4. Subdivide the two 400m2 blocks and keep one or sell both, it’s up to you. STCA
Devonport is growing and constantly improving itself, with the Living City Project.

Come see for yourself, how now is the time to invest, with this property just a stones throw across the river from such a driven and forward thinking project, sit back and watch your investment grow in value.

Call the friendly staff at B&H today to get more information or book your private inspection.