149B/149C William StreetDevonport TAS 7310
Property Details for 149b/149c William St, Devonport
Last Listing description (February 2025)
We are pleased to present to market this fantastic commercial investment opportunity at 149b & 149c William St. Both shops are home to two very popular and well-established local businesses on two separate titles. Both tenancies are in solid three-year leases and are prominent outlets in the vibrant local business strip know as the "Four Ways". The caf has operated from the same location for over 20 years and the newer Vietnamese restaurant enjoys a very strong following.
Both shops individually present as an affordable entry to commercial real estate or both together as a fantastic opportunity to acquire a solid investment under 1 million dollars. Based on the total annual rent both shops represent a yield of approximately 6% on the asking price. GST will not apply.
No strata title exists with these properties as they are two stand alone titles.
149b William St
Four Ways Caf
Annual nett rent: $21,474.48
Land size: 309m2 (approx..)
Building size: 204m2 (approx.)
149c William St
Viet Eat
Annual nett rent: $19,122.36
Land size: 154m2 (Approx.)
Buidling size: 94m2 (approx.)
Total annual nett rent: $40,596.84
Property History for 149b/149c William St, Devonport, TAS 7310
- 13 Nov 2024Listed for Sale $680,000
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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 7,663 properties. Over the last 5 years, Houses in Devonport have seen a 70.19% increase in median value, while Units have seen a 44.42% increase. As at 30 November 2025:
- The median value for Houses in Devonport is $518,083 while the median value for Units is $378,379.
- Houses have a median rent of $470 while Units have a median rent of $378.
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