• Returning a net rental of $164,530pa + GST
• Freehold corner site of 340sqm (more or less)
• Tightly held location
Occupying a high-profile corner site in the heart of Devonport, Bayleys is pleased to present to the market 83-85 Victoria Road an immaculately presented fully leased investment property in one of the North Shores' tightest-held suburbs.
Situated on the corner of Victoria Road and Fleet Street the property boasts an exceptional position as one of the standout buildings in the township which has underpinned its strong occupancy history with the current income diversified across four tenancies. The property has been lovingly maintained by a proud local landlord which is evident in its presentation and tasteful accentuation of the character features typical of the era constructed that evoke a strong pride of ownership.
Devonport is a sought-after location for commercial investment given the demand for residential real estate in this locality and its desirability in this regard. The village is currently undergoing a wealth of public and private investment and can go years without a commercial transaction given how valuable and tightly held properties of this nature are.
Contact the sole listing agents for further information and inspections.