44 & 52 Stewart Street,
Devonport, TAS 7310
Shops & Retail
Key property information
Land area
Floor area
Zoning
Tenure type
Sold on
Elders Real Estate - Devonport
4 Stewart StreetDEVONPORT, TAS 7310
44 & 52 Stewart Street
Devonport, TAS 7310
Map
Prime CBD investment ~ Long Term National Tenant
- Renewed Seven (7) year lease to 2032
- 330* sites across Asia Pacific
- Prominent CBD Corner
Elders Commercial is delighted to offer for sale a key Devonport CBD asset, subject to renewed new lease to 2032. The property comprising two buildings is located on a prominent corner within Devonport’s CBD core and benefits from three street frontages.
Trading as Zap Fitness, this business is owned by Fitness & Lifestyle Group (FLG) - Asia Pacific’s largest group of corporately owned health and wellness clubs with 330* locations across AUS, NZ, Thailand & Singapore and brands including Zap, Goodlife, Fitness First, Jetts Fitness, Barry’s, & Emily Skye FIT.
Key highlights include:
• FLG majority owned by leading Australian private equity investors Quadrant Private
• FLG has 585k* members across 4 countries
• ZAP Fitness - Founded in Tas in 2009 now grown to 75* locations nationally
• In 2017, Zap was acquired by Fitness & Lifestyle Group
• 52 Stewart St, extensively renovated in line with Zap’s occupation c.2009
• Later Zap expanded next door (44 Stewart St) which was renovated for them c.2017/18
• The tenant has extended both leases by seven (7) years from April 2025 to March 2032
• High exposure CBD corner ~ 1,014 sqm*, three street frontages
• Ideal CBD location, walking distance to major CBD offices, hotels and public parking
• Annual 3.00% rental reviews
• Tenant pays all normal statutory outgoings and is to keep the premises insured
• Est. Net income of both leases $225,000* pa
The property is For Sale by Private Treaty. For details regarding this property, please contact Elders Commercial Tasmania.
*Approximately
Trading as Zap Fitness, this business is owned by Fitness & Lifestyle Group (FLG) - Asia Pacific’s largest group of corporately owned health and wellness clubs with 330* locations across AUS, NZ, Thailand & Singapore and brands including Zap, Goodlife, Fitness First, Jetts Fitness, Barry’s, & Emily Skye FIT.
Key highlights include:
• FLG majority owned by leading Australian private equity investors Quadrant Private
• FLG has 585k* members across 4 countries
• ZAP Fitness - Founded in Tas in 2009 now grown to 75* locations nationally
• In 2017, Zap was acquired by Fitness & Lifestyle Group
• 52 Stewart St, extensively renovated in line with Zap’s occupation c.2009
• Later Zap expanded next door (44 Stewart St) which was renovated for them c.2017/18
• The tenant has extended both leases by seven (7) years from April 2025 to March 2032
• High exposure CBD corner ~ 1,014 sqm*, three street frontages
• Ideal CBD location, walking distance to major CBD offices, hotels and public parking
• Annual 3.00% rental reviews
• Tenant pays all normal statutory outgoings and is to keep the premises insured
• Est. Net income of both leases $225,000* pa
The property is For Sale by Private Treaty. For details regarding this property, please contact Elders Commercial Tasmania.
*Approximately
Devonport, 7310 demographic data
The median household income for Devonport is $1,093, 11% lower than Regional Tasmania's household income of $1,225. Devonport has a younger age profile compared to the rest of Regional Tasmania (median age 43 vs 45). Property ownership data shows 45% of property owners in Devonport have a mortgage.
14,481
Population
$1,093 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
Elders Real Estate - Devonport4 Stewart Street
DEVONPORT, TAS 7310
DEVONPORT, TAS 7310
More properties from Elders Real Estate - Devonport
Other properties you might be interested in based on the location and property type you are looking at.
