Investments like this in Devonport are hard to come by. Strong national long-term tenant, solid lease and prime CBD location in the heart of the Rooke St Mall. The tenant Suzanne Grae has been an occupant of this site for many years and continues to have a vibrant and strong retail presence in Devonport. Having just signed a new 3 year lease strengthens their commitment to the site and makes this investment quite attractive
The property is surrounded by many busy national and local retailers, banks and service providers which make up the busiest business hub in Devonport. The location is ideally situated in the centre of the Mall and is ideally poised to take advantage of the Devonport City Councils current "Living City" project which aims to draw more retail business to the CBD. This property represents a great opportunity for first time commercial investors or for seasoned investors looking to add to their portfolio. The tenant could be classified as "A-grade" as rents and outgoings are always paid on time and presentation of the site is always kept immaculate
7% Yield

• Long-term tenant
• National brand
• Solid lease
• Fantastic CBD location
• Poised to take advantage of the "Living City" project
• Easily re-lettable