8/69 Lake Road Devonport | Barfoot & Thompson

8/69 Lake Road, Devonport

For sale by negotiation

EXCELLENT LITTLE INVESTMENT


On offer for sale, is this bite-sized retail investment of 69m², leased to Barber Shop Co, on a long-term lease from November 2018.

The complex itself, was completed in late 2018, comprising six residential apartments and two commercial units, in an exceptional location mid-way between Devonport and Belmont, where the retail units benefit from high exposure and a large residential catchment in all directions.

The low maintenance retail unit is as close to a perfect, entry level investment as you will find, with favourable lease terms, great tenant covenant and quality construction, the tenant covers all operating expenses and the compact size will ensure future leasing is as easy as possible.

Available for sale by negotiation, all information is readily available, please don't hesitate to contact the Sole Agents anytime.

KEY FEATURES:
• Near new retail unit of 69m²
• Long term lease to Barber Shop Co.
• Quality, low-maintenance construction
• Annual rent reviews
• Returning $31,740 p.a plus OPEX and GST

Property details

Location:
8/69 Lake Road, Devonport
Property ID:
82414

Call Nick & Gary

Nick Brown
Gary Seekup

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