23 Rooke Street, Devonport

Halliwell Property Agents are pleased to bring this tenanted CBD retail investment to the sale market. The premises, which consists of a modern, well-presented fitout at ground level, are tenanted by Styler, a popular, boutique women's fashion store. The building has benefited from amenities upgrades and other improvements to it's ground level open-plan retail area, with significant development potential available upstairs. The roofing is relatively new and in generally excellent condition. Neighboured by the Devonport Mall and notable national retailers such as Cotton On, EB Games, Kathmandu, Factorie and others, this is an excellent opportunity to secure an investment in Devonport's CBD; an asset choice and location in high demand. Opportunity exists to substantially increase future returns by carrying out renovation works or adding residential accommodation at first floor level (STCA), as has been done with neighbouring properties in recent years. Title is approx. 157sqm, with approx. 196sqm of total floor area across the ground and internally-accessed first floor. A courtyard is to the rear, secured by a lockable gate, with two parking spaces also included for the existing tenants. The current lease continues until 2022, with a further renewal Option available. The property is listed for sale at $289,000. For all enquiries, please contact the exclusive listing agent, Colin Rowlands of Halliwell Property Agents.