100 Best Street, Devonport, TAS 7310 | Property Value & History | OnTheHouse
 
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100 Best Street
Devonport TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 482m2
Land area: 1417m2
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Property Details for 100 Best St, Devonport

Building Type
Commercial
Year Built
1986
Floor Size
482m2
Land Size
1417m2
Local Government
Devonport
Lot/Plan
2/5398

Last Listing description (August 2021)

Knight Frank are pleased to bring to market this fully leased, dual tenancy office building, situated in a prime commercial location along Best Street, Devonport.

The property comprises two titles, which combined totals approximately 1,417 sqm. The front allotment features the main building, while the rear Title features a private car parking area for approximately 14 vehicles, plus a sealed access driveway.

Both tenancies have been updated in recent years and provide a modern standard of fit-out and finish. Both tenancies are leased to National Tenants (IOOF & Veris) with terms expiring in 2022 and 2025 (both with options to extend for a further five years). Each tenant pays a 50% share of Council rates, water and single holding Land Tax. Estimated net income is approximately $109,458 (before owners outgoings).

Standalone regional office assets have performed well in comparison to capital city markets, with normalised levels of 'post Covid 19' utilisation and strong local leasing fundamentals. 100 Best Street is for sale by Private Treaty at $1,750,000 (circa 6.25% net return before owners outgoings). For further information or to inspect, please contact Knight Frank.

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Property History for 100 Best St, Devonport, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$1,680,000
25 Jun 2021
Listed for Rent
02 May 2017
  • 25 Jun 2021
    Sold for $1,680,000
  • 07 Apr 2021
    Listed for Sale $1,750,000
  • 24 Feb 2017
    Listed for Rent - Price not available
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About Devonport 7310

The size of Devonport is approximately 10.2 square kilometres. It has 15 parks covering nearly 13.3% of total area. The population of Devonport in 2016 was 13759 people. By 2021 the population was 14481 showing a population growth of 5.2% in the area during that time. The predominant age group in Devonport is 50-59 years. Households in Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Devonport work in a community and personal service occupation.In 2021, 61.00% of the homes in Devonport were owner-occupied compared with 59.40% in 2016.

Devonport has 7,664 properties. Over the last 5 years, Houses in Devonport have seen a 65.47% increase in median value, while Units have seen a 55.14% increase. As at 28 February 2026:

  • The median value for Houses in Devonport is $560,235 while the median value for Units is $419,351.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 41 properties listed for sale, and 11 properties listed for rent in Devonport on OnTheHouse. According to Cotality's data, 359 properties were sold in the past 12 months in Devonport.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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