• A new 7 year lease with two further 3 year options
• Leased to B & E, a leading Tasmanian financial institution
• Annual fixed increases, with market review at exercise of option
• Tenant pays usual outgoings
• Corner site with significant exposure to passing traffic
• Commencing Rental $107,470pa + outgoings and GST

Lots 1-4, 21-23 Best Street, Devonport provides investors the opportunity to acquire four strata suites in one line that comprise high quality retail and office accommodation within an excellent CBD location.

With one lease to B & E over all units, investment properties of this quality and lease tenure are rare to the market and tightly held.

B&E Personal Banking is a leading Tasmanian financial institution (building society) with more than 30,000 clients, eight branches statewide and more than $700 million in assets.

The building is located on a prominent corner site on Best Street, adjacent to the Rooke Street Mall, one of North West Tasmania’s leading strip retail locations comprising many quality national and local brands/services in a central CBD location. In addition, the site benefits from multiple access points along Best and Edward Streets and is diagonally opposite the Devonport Living City Project, which is one of the largest urban renewal projects ever undertaken in regional Tasmania.

To inspect this property or receive additional information, please contact Knight Frank.