The vendors will meet the market and let this long-standing asset go at 7%, presenting the market an affordable, high-yielding, mixed-use property in a premium location.
With potential for occupiers, add-value investors and locals looking for a possible lock'n leave property, don't miss out investigating this one further before it gets snapped up.
The property presents excellent fundamentals, occupying a high-profile position, elevated on Calliope Road, the main arterial connecting Devonport and Stanley Point and located just 600m from the ferry building and 300m from the main shopping centre and New World supermarket.
Split over two buildings, you’re investing in a dual income stream from two well-sized retail shops, one with an attached, first-floor apartment. These affordable and practical suburban retail tenancies are ideally positioned to cater to the surrounding community and provide an important amenity.
The long-standing tenants, Calliope Road Café and Calliope Superette, enjoy modest rents and are well-positioned to cater to the high volume of daily commuters and the large surrounding catchment of residents on Stanley Point peninsula and Devonport, as well as the many visitors who frequent the popular tourist destination.
KEY FEATURES:
- Excellently located and well-sized suburban retail shops
- Elevated site with harbour views from the first floor
- Split income stream from two retail shops and an attached first-floor apartment
- Returning $104,890 net per annum ($316/m² on average)
- Short walk to the ferry terminal and main shopping centre
- Zoned Neighbourhood Centre – versatile uses
- Seismic assessment reports available on request
