149B& 149C William Street Devonport TAS 7310

We are pleased to present to market this fantastic commercial investment opportunity at 149b & 149c William St. Both shops are home to two very popular and well-established local businesses on two separate titles. Both tenancies are in solid three-year leases and are prominent outlets in the vibrant local business strip know as the "Four Ways". The café has operated from the same location for over 20 years and the newer Vietnamese restaurant enjoys a very strong following.

Both shops individually present as an affordable entry to commercial real estate or both together as a fantastic opportunity to acquire a solid investment under 1 million dollars. Based on the total annual rent both shops represent a yield of approximately 6% on the asking price. GST will not apply.

No strata title exists with these properties as they are two stand alone titles.

149b William St
Four Ways Café
Annual nett rent: $21,474.48
Land size: 309m2 (approx..)
Building size: 204m2 (approx.)

149c William St
Viet Eat
Annual nett rent: $19,122.36
Land size: 154m2 (Approx.)
Buidling size: 94m2 (approx.)

Total annual nett rent: $40,596.84