121-127 Rooke Street, Devonport TAS 7310
Approx. 7% yield, three floors vacant, poised for double digit returns
Halliwell Property Agents is very pleased to present the Iconic "Day's Building" at 121-127 Rooke St in Devonport for sale. This property has been the corner-stone of the Devonport CBD for over 60 years and has been home to many thriving businesses over the decades. Built in 1949 the premises holds a commanding position on the corner of the busy Rooke St Mall and Best St in Devonport and is synonymous with the City of Devonport and the local community at large. It is the defining structure upon entering the CBD and has a design offering some art-deco style architecture. With a renovated exterior this building could look stunning. In fact from the North East corner on levels 2 & 3 there are wonderful views down the Mersey River and out to sea.
The solid brick construction consists of four levels (including the ground floor) and takes up a corner footprint of approximately 620m2 of land. The building itself is just over 2,400m2 in size. The ground floor is fully leased with a strong mix of tenancies including major brands such as Noodle Box and Subway. The upper floors offer scope for development into office space, retail and even visitor accommodation as outlined in a council permit acquired by the vendor and available for perusal upon request. Additionally a section of the rooftop is currently leased by Optus for network antenna devices.
The site is perfectly positioned to take advantage of the Devonport City Council's current "Living City" project which aims to create a complete overhaul of the existing CBD. This project will bring retail including national retailers closer to the northern end of the Rooke St Mall and literally positions "Days Building" in the centre of the development. This only serves to enhance the property and make it more attractive to future tenancies and or developments.
The current nett income for the site is $102,076 which shows a yield of approximately 7% on the asking price. Please make inquiry for full details regarding leases, outgoings, tenancies and rents.
Right in the heart of the city, strong yields, commanding presence and government CBD development going on all around this property really does offer a unique and exciting opportunity for the right buyer
• Land Size: 620m2
• Building size: 2,405m2
• Three storey building with 4 levels including ground floor
• Lift well
• Gross rent: $137,487 p.a.
• Outgoings: approx. $35,411 p.a.
• Nett rent: $102,076 p.a.
• Central CBD position
The solid brick construction consists of four levels (including the ground floor) and takes up a corner footprint of approximately 620m2 of land. The building itself is just over 2,400m2 in size. The ground floor is fully leased with a strong mix of tenancies including major brands such as Noodle Box and Subway. The upper floors offer scope for development into office space, retail and even visitor accommodation as outlined in a council permit acquired by the vendor and available for perusal upon request. Additionally a section of the rooftop is currently leased by Optus for network antenna devices.
The site is perfectly positioned to take advantage of the Devonport City Council's current "Living City" project which aims to create a complete overhaul of the existing CBD. This project will bring retail including national retailers closer to the northern end of the Rooke St Mall and literally positions "Days Building" in the centre of the development. This only serves to enhance the property and make it more attractive to future tenancies and or developments.
The current nett income for the site is $102,076 which shows a yield of approximately 7% on the asking price. Please make inquiry for full details regarding leases, outgoings, tenancies and rents.
Right in the heart of the city, strong yields, commanding presence and government CBD development going on all around this property really does offer a unique and exciting opportunity for the right buyer
• Land Size: 620m2
• Building size: 2,405m2
• Three storey building with 4 levels including ground floor
• Lift well
• Gross rent: $137,487 p.a.
• Outgoings: approx. $35,411 p.a.
• Nett rent: $102,076 p.a.
• Central CBD position
