$625,000

We are pleased to bring to market this very attractive commercial investment situated in Miandetta, Devonport.

The property is home to three separate tenancies comprising of a café, a salon, and a commercial office. All tenants have been long term and are on good lease terms. Copies of the leases are available upon request.

This site enjoys high exposure on the busy Berrigan Road and is near a public park and residences. There is also a large free off-street carpark that can accommodate up to 30 vehicles. The location is only a few minutes' drive to the centre of Devonport and main arterial routes.

This investment lends itself to investors who wish to spread risk across tenancies. Based on the asking price the property is expressing a yield of approximately 5.9%.

• Annual nett rent: $36,917
• Land size: 621m2
• Building size 317m2
• Large free off-street parking space
• Three retail shops