11 Oldaker Street is strategically located on the northern edge of the Devonport CBD close to the foreshore and river and is immediately adjacent to the Devonport Living City Project.

The property currently houses an extensively refurbished and modern café/bakery, which was significantly refurbished and extended in 2012 to add an extensive covered and open alfresco dining area and entry ramp. The covered alfresco area was further improved in 2016 with the addition of glass and aluminum framed walls to two sides, providing an ‘all weather’ dining option. The building comprises a large commercial kitchen with expansive back of house storage and preparation areas.

Opportunity exists to purchase the freehold property comprising a site of approximately 556 sqm and building with an estimated floor area of 323 sqm. In addition, current plant and equipment will be available for purchase.

11 Oldaker Street, Devonport provides a unique opportunity for investors, developers and owner occupiers to acquire a significant building on a well located site that is suitable for a number of distinct options (STCA), including:

• Establishment of a new business utilising existing plant and equipment
• Re-tenanting the building as a leased investment
• Re-development of the site in line with higher density surrounding uses
• Redevelopment and refurbishment of the existing building to face the proposed Living City development

We note the current business known as the ‘Wagyu Pie Company Bakehouse’ will not be sold on the basis of the vendor retaining the brand, logo and other intellectual property, however the current plant and equipment will be available for purchase should a party wish to operate a similar business from the premises.

To inspect this dominant site which is firmly entrenched in the Devonport’s food and beverage market, please contact Nicholas Bond of Knight Frank.