Retail With Strong Lease in High Profile Position

The Details

Location: Devonport, TAS

Type: Retail

Purchase Price: $845,000

Net Rent: $58,231

Net Yield: 6.89%

Cashflow: $16,872 70% loan at 6.5%)

Total Return Including Capital Gains:  (cashflow + 6% growth) $67,572

Lease: 5 year lease 

Total area: 421 sqm

What we like about this property: 

Strong lease with long-term tenant

High profile position

surrounded by national businesses

Value add opportunity with the re-use of level 1