2/151 William StreetDevonport TAS 7310
Property Details for 2/151 William St, Devonport
Last Listing description (August 2022)
Knight Frank has the pleasure of presenting for sale, Units 1 and 2, 151 William Street, Devonport. Well known as the "Thru Way Arcade", this property is located in Devonport's popular "Fourways" Retail Precinct.
The property comprises two strata titled allotments, each comprising of three tenancies, centrally located in the Four Ways retail strip in Devonport. The "Thru Way Arcade" provides an essential link and pedestrian "ant track" connecting William Street to the Council carpark via a common area pedestrian thoroughfare. Investors will no doubt see the benefits of this core location, income diversity via multiple tenancies and the ability to 'control' the asset through acquisition of both strata titles. Potential exists to 'value add' through upgrades and lease renegotiations upon expiry.
Opportunity also exists for owner occupiers to acquire this asset and use part of the property whilst generating a passive income stream from the leases in place. Both Strata Titles will be offered for sale 'in one line' by Private Treaty. For further information or to arrange an inspection, please contact Knight Frank.
Property History for 2/151 William St, Devonport, TAS 7310
- 21 Jun 2022Sold for $375,000
- 07 Jun 2022Listed for Sale Contact Knight Frank
- 28 Jan 2009Sold for $150,000
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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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