This is a prime commercial investment opportunity located in Devonport’s bustling central shopping district, The Four-Ways. The property comprises two well-maintained shops, totalling a substantial 226 sqm, and is a solid brick building with a durable galvanised iron roof.

The shops offer a versatile layout, featuring a large shop front and a generous storage area to the rear. The space is well-equipped for commercial use with two separate kitchenettes and two toilets. This property’s excellent location and sound construction provide a strong foundation for future upgrades and modifications, offering a clear path to justify future rental increases.

Currently, both shops are leased to Lifeline, a reliable tenant with a lease in place until 2027.

An ideal investment with a reliable tenant in place. The current rental income provides a healthy 4.33% ROI. Given that there have been no rental increases for a number of years, this property presents a compelling opportunity to boost your returns, with clear potential for contracted rental growth in the near future.

This property is being sold as a GST-free ongoing concern, with the current tenant in place, ensuring a smooth and immediate transition for the new owner.

This is a fantastic opportunity to acquire a low-maintenance, high-visibility commercial asset in a prominent location with a proven track record.

Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.