97-103 Rooke StreetDevonport TAS 7310
Property Details for 97-103 Rooke St, Devonport
Last Listing description (July 2019)
Investment opportunities in Devonport's Rooke St Mall as strong as this rarely become available, and Halliwell Property Agents is proud to exclusively bring this opportunity to the sale market.
Comprising of three tenancies, this property is situated in the heart of the Mall and the heart of Devonport and on the door step of Devonport's multi-million dollar Living City project. Surrounded by a vibrant retail strip with zero vacancy, this property is sure to attract strong attention.
All tenants have been long-term occupants and all have recently signed new long-term leases or extensions. The anchor tenant is the national retailer Just Jeans, whilst the other two tenancies are popular, well-known and long-established local operators.
- Three tenants on stratum title (Just Jeans, Pub Rock Diner (formerly Tapas Lounge Bar), and Trickie's Kitchen
- National brand as anchor
- New long-term leases or extensions
- All tenants have been long term occupants
- Heart of Devonport CBD Mall
- All outgoings paid by tenants
- Two shops ground floor, popular lounge bar on first floor
- In the Living City project precinct
- On-going concern - GST will not apply
- Solid brick and cement construction inc. cement floor on top level
- Walk-thru access to Rooke Lane at rear of ground floor tenancy
- Public Carpark to the immediate rear
- Recent $90,000 refurbishment of upstairs bar late 2018
- Building painted late 2018
Net rent from combined tenancies over $108,000 p.a
This is an outstanding opportunity for an investor to create or add to their portfolio, with a great yield available to the purchaser.
Listing price is offers over $1,300,000.
For further information, please contact Colin Rowlands at Halliwell Property Agents.
Property History for 97-103 Rooke St, Devonport, TAS 7310
- 30 Apr 2019Listed for Sale Offers Over $1.3m
- 26 Jun 2018Listed for Sale $1,500,000
- 05 Oct 2017Listed for Sale $1,500,000
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0About Devonport 7310
The size of Devonport is approximately 10.2 square kilometres. It has 15 parks covering nearly 13.3% of total area. The population of Devonport in 2011 was 14,009 people. By 2016 the population was 13,761 showing a population decline of 1.8% in the area during that time. The predominant age group in Devonport is 50-59 years. Households in Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Devonport work in a professional occupation. In 2011, 62.2% of the homes in Devonport were owner-occupied compared with 59.4% in 2016.
Devonport has 7,652 properties. Over the last 5 years, Houses in Devonport have seen a 74.99% increase in median value, while Units have seen a 75.79% increase. As at 31 October 2024:
- The median value for Houses in Devonport is $456,343 while the median value for Units is $401,116.
- Houses have a median rent of $420 while Units have a median rent of $355.
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