10 Mersey Main RoadSpreyton TAS 7310
Property Details for 10 Mersey Main Rd, Spreyton
Last Listing description (November 2024)
Halliwell Property Agents are pleased to exclusively bring the Bannon's Takeaway Site to the sale market, with the site comprising of takeaway store commercial, 3-bedroom residence, rumpus/large garage, and sizeable block - all positioned on Mersey Main Road, a main arterial road connecting many local suburbs including the bustling city of Devonport.
The site has well presented commercial frontage, and has operated as a booming 7-day-a-week takeaway shop for over 50 years, servicing the local residents, nearby industrial estate, surrounding retailers, thousands of passing daily vehicles, and families from the primary school opposite. The commercial space is open plan of great size, bright, modern, updated, fully fitted with equipment and cabinetry, neat and functional. Beyond is a full-sized quality commercial kitchen, office, bathroom and storage,
Past the commercial, sits a 3-bedroom residence. The bedrooms are well sized, all amenities as standard, and has internal access from the commercial premises OR external access as standard. Timber floors throughout, updates to kitchen and other areas and electric heating all feature. There is parking in the driveway adjacent to it's entrance for multiple vehicles, and roofing and external surfaces of the property are in great condition (STC).
Into the rear yard, and a large garage/rumpus room area provides a versatile space to use for vehicles, storage, home bar, entertainment or other uses. It's size and versatility make it an asset to the premises, with roller door frontage and side glass/aluminium entrance points to the yard.
10 Mersey Main Road sits on a block size of 1,103sqm, secured and main-road positioned for maximum exposure. Adjacent are retailers, residential properties, it sits Infront of the Spreyton All-Weather Racing Track and modern light industrial precincts that service Devonport, Spreyton and surrounds, and importantly sits directly opposite the Spreyton Primary School.
Ample short-term parking for customer directly to front on both sides of the road, with easy access via a crossing out front.
This property will be sold subject to full leaseback arrangement by the Vendor, proving an outstanding ROI versus market average, All fittings and fixtures (canopies, fittings etc) all sold with property, with equipment retained by tenant as business.
Leaseback will be a minimum 3-year term on the commercial operation (7% Net ROI), with a 1-year on the residential (5% Gross ROI) as standard. Fair market rent offered with further growth opportunities beyond initial lease periods. Contact agent for rental details. Leases can be prepared subject to negotiation.
This truly is an outstanding investment opportunity for desirable premises, multiple income streams now and in future, ROI future growth, and all in a building in great condition in an incredibly appealing main road location.
Priced to sell quickly to astute investors, fully leased, at $749,000. GST is not expected to apply.
Contact the listing Agent, Alan Halliwell, with all enquiries or to schedule an inspection.
Property History for 10 Mersey Main Rd, Spreyton, TAS 7310
- 27 May 2024Sold for $640,000
- 12 Sep 2023Listed for Sale $749,000
- 25 Mar 2020Listed for Sale P.O.A.
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0About Spreyton 7310
The size of Spreyton is approximately 11.8 square kilometres. There are 4 parks, covering nearly 8.7% of the total area. The population of Spreyton in 2016 was 1669 people. By 2021 the population was 1876 showing a population growth of 12.4% in the area during that time. The predominant age group in Spreyton is 50-59 years. Households in Spreyton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Spreyton work in a trades occupation.In 2021, 82.80% of the homes in Spreyton were owner-occupied compared with 80.20% in 2016.
Spreyton has 1,173 properties. Over the last 5 years, Houses in Spreyton have seen a 43.59% increase in median value, while Units have seen a 43.82% increase. As at 30 June 2026:
- The median value for Houses in Spreyton is $703,009 while the median value for Units is $465,309.
- Houses have a median rent of $580 while Units have a median rent of $240.
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