120 Tarleton Street East Devonport TAS 7310

Positioned on East Devonport's busy Tarleton Street in a highly visible location, this light-industrial zoned storage/workshop facility offers a unique opportunity for dual incomes, or a mix of tenant and occupancy by the property owner.

The long term Tenant (car detailing business) is situate in one workshop and holds a lease until August 2024, having occupied the site in excess of 14 years.

The second workshop is currently vacant, presenting an opportunity to offer this space for lease for a second income, or to occupy for the owner-occupiers own use while collecting a rental income from the existing neighbouring tenant as noted.

With both workshops having been constructed in 1984, of a colourbond wall and roof composition, and of similar size and layout, features of the overall site include:

- Total building size of approx. 259sqm, split evenly between the two workshops
- Each building comprised of kitchen, toilet, front office and workshop with rear roller door access
- Both properties alarmed
- Total land area of 809sqm, with fenced boundary and secure lockup gate through common driveway to shared rear yard
- Two off-street parking spaces to immediate front of property for each property
- Excellent branding opportunities available, owing to significant passing traffic on main road frontage

The site is neighboured by a mix of other commercial and residential premises, and is in close proximity to East Devonport's main retail, commercial and port hub, home of the Spirit of Tasmania ships and terminal.

Annual statutory outgoings for the site (Council Rates, Land Tax, TasWater Rates) are $6,600, with 50% of these reimbursed by the existing tenant.

Listing price is $485,000. GST is not expected to apply.

An excellent opportunity for both those seeking to add to their commercial investment portfolio, and those looking to start with an affordable investment.

Contact the listing Agent, Alan Halliwell, with all enquiries or to schedule an inspection.