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.