11 Oldaker Street, Devonport, TAS 7310 | Property Value & History | OnTheHouse
OFF MARKET

11 Oldaker Street
Devonport TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 147m2
Land area: 556m2
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Property Details for 11 Oldaker St, Devonport

Building Type
Commercial
Year Built
1987
Floor Size
147m2
Land Size
556m2
Local Government
Devonport
Lot/Plan
2/93595

Last Listing description (May 2017)

11 Oldaker Street is strategically located on the northern edge of the Devonport CBD close to the foreshore and river and is immediately adjacent to the Devonport Living City Project.
The property currently houses an extensively refurbished and modern caf /bakery, which was significantly refurbished and extended in 2012 to add an extensive covered and open alfresco dining area and entry ramp. The covered alfresco area was further improved in 2016 with the addition of glass and aluminum framed walls to two sides, providing an all weather dining option. The building comprises a large commercial kitchen with expansive back of house storage and preparation areas.
Opportunity exists to purchase the freehold property comprising a site of approximately 556 sqm and building with an estimated floor area of 323 sqm. In addition, current plant and equipment will be available for purchase.

11 Oldaker Street, Devonport provides a unique opportunity for investors, developers and owner occupiers to acquire a significant building on a well located site that is suitable for a number of distinct options (STCA), including:
Establishment of a new business utilising existing plant and equipment
Re-tenanting the building as a leased investment
Re-development of the site in line with higher density surrounding uses
Redevelopment and refurbishment of the existing building to face the proposed Living City development
We note the current business known as the Wagyu Pie Company Bakehouse will not be sold on the basis of the vendor retaining the brand, logo and other intellectual property, however the current plant and equipment will be available for purchase should a party wish to operate a similar business from the premises.
To inspect this dominant site which is firmly entrenched in the Devonport s food and beverage market, please contact Nicholas Bond of Knight Frank.

Property History for 11 Oldaker St, Devonport, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$790,000
01 Feb 2017
  • 01 Feb 2017
    Sold for $790,000
  • 11 Jan 2017
    Listed for Sale $790,000 + Plant and Equipment
  • 05 Sep 2016
    Listed for Sale $435,000 + S.A.V.
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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 42 properties listed for sale, and 12 properties listed for rent in Devonport on OnTheHouse. According to Cotality's data, 360 properties were sold in the past 12 months in Devonport.

Suburb Insights for Devonport 7310

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.