We are pleased to bring to market this very attractive commercial investment situated in Miandetta, Devonport.
The property is home to three separate tenancies comprising of a caf, a salon, and a commercial office. All tenants have been long term and are on good lease terms. Copies of the leases are available upon request.
This investment lends itself to investors who wish to spread risk across tenancies. Based on the asking price the property is expressing a yield of approximately 5.9%.
Annual nett rent: $36,917
Land size: 621m2
Building size 317m2
Large free off-street parking space
Three retail shops
The size of Miandetta is approximately 1.7 square kilometres. It has 6 parks covering nearly 15.4% of total area. The population of Miandetta in 2016 was 1852 people. By 2021 the population was 1822 showing a population decline of 1.6% in the area during that time. The predominant age group in Miandetta is 60-69 years. Households in Miandetta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Miandetta work in a trades occupation.In 2021, 73.40% of the homes in Miandetta were owner-occupied compared with 71.60% in 2016.
Miandetta has 861 properties. Over the last 5 years, Houses in Miandetta have seen a 76.42% increase in median value, while Units have seen a 47.29% increase. As at 30 November 2025:
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