155 William Street
Devonport TAS 7310
Contact Elders Commercial
Auction: 1st Apr 2026 (10:30 am)
Prime Tasmanian Pharmacy Investment
Elders Commercial Tasmania and CBRE are pleased to offer to the market this Terry White Chemmart investment, located at 155 William Street, Devonport, Tasmania, for sale via Investment Portfolio Auction.This fully leased retail investment has the following key investment highlights:
+ Long term lease to Fourways Nominees Pty Ltd T/A Terry White Chemmart to June 2032, plus one (1) further seven (7) year option to 2039;
+ Tenant business owned by 'Taspharm Management', a Tasmanian company with a network of 12* multi branded pharmacies throughout Tasmania;
+ Terry White Chemmart: Australia's largest pharmacy chain with 550+ stores*;
+ Investor-friendly net lease structure with the tenant responsible for all statutory outgoings;
+ Attractive CPI-linked annual rent reviews with market reviews every three years and at the commencement of each option period;
+ Modern two-level brick building with a total building area of approximately 588 sqm*, constructed on a site of 396 sqm*, positioned within the tightly held 'Fourways' retail precinct along William Street;
+ Single tenant, minimum management investment;
+ Dominant essential services retail offering;
+ Devonport: a key regional hub serviced by the Spirit of Tasmania, welcoming over 450,000* passengers p/a, with Tasmania recording 1.35* million visitors to June 2025 - up 3.6%* in the year ending September 2024 and up 3.,5%* on 2023 - underpinning sustained demand for essential retail services;
+ Net Income: $143,964 pa* + GST (as of 1 July 2025).
To be sold via Investment Portfolio Auction 183
10.30 am (AEDT) Wednesday 1 April 2026
Crown Casino, Melbourne
Please contact the exclusively appointed team for more information.
*Approximate
(1) Devonport City Council
(2) Tourism Tasmania
(3) Taspharm Management
In Conjunction with CBRE
Features
General Features
- Land Area: 396sqm
- Commercial Type: Retail
- Building Area: 588sqm
- Zoning: General Business
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