57 Main Street SHEFFIELD TAS 7306

Seize an exceptional opportunity to acquire a robust commercial property at 57 Main Street, Sheffield, Tasmania, offering a fantastic return on investment and a secure income stream. This highly desirable asset boasts a rental yield of 6.5% ROI, making it a compelling addition to any investment portfolio.

The property is anchored by a strong, established tenant, Turnbull’s Pharmacy, the only pharmacy in the township of Sheffield. This essential service provider ensures a stable income, with 3 years remaining on their current lease, featuring contracted annual rental price increases and an option to renew, promising consistent future growth for the astute investor. Crucially, the tenants are responsible for all outgoings, maximizing your net rental income.

Spanning two levels, the versatile premises is perfectly configured for its current use and offers significant future potential.
Downstairs presents a spacious main shopfront, multiple versatile offices or storage rooms, and two convenient bathrooms.

Upstairs, a large, self-contained 1-bedroom unit, currently utilized by the tenant to comfortably house locum pharmacists. This unit comprises a very generous bedroom with an ensuite and large walk in wardrobe, a fully equipped kitchen, a European laundry, and a spacious living area offering stunning, uninterrupted views of majestic Mount Roland.

Accessibility is a key feature, with two entries to the premises (front and back), providing direct access to the large council car park at the rear. The main shopfront ensures inclusive access with both stairs and ramps available. Comfort is guaranteed throughout the year, with multiple Daikin heat pumps providing efficient heating upstairs and downstairs, complemented by the added luxury of underfloor heating in the downstairs commercial space.

This is more than just a property; it’s a strategic investment in a key regional hub, offering stability, growth, and an outstanding ROI. Don’t miss this rare chance to secure a vital piece of Sheffield’s commercial landscape.

“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. Please note, photos are indicative of the property only.”