23 Forbes Street, Devonport, TAS 7310 | Property Value & History | OnTheHouse
 
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23 Forbes Street
Devonport TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 72m2
Land area: 802m2
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Property Details for 23 Forbes St, Devonport

Building Type
Commercial
Year Built
1976
Floor Size
72m2
Land Size
802m2
Local Government
Devonport
Lot/Plan
1/38561

Last Listing description (May 2017)

23 Forbes Street Devonport provides a significant opportunity for investors to acquire a low maintenance, modern building providing high quality accommodation and excellent exposure to Forbes Street.
The building is fully serviced and contains modern high quality finishes. Investment properties of this quality with significant lease tenure are rare to the market and tightly held.
Knight Frank recommends close consideration by investors seeking the following investment qualities:

A new 6 year lease with further 4 year option to existing long standing tenant
Annual CPI increases, with market review at exercise of option
Tenant pays usual outgoings
Modern, attractive and versatile building with estimated net area of 349sqm
On site car parking
Corner site with significant exposure to passing traffic
Net passing income $47,500 + GST per annum (approx)
Built 2012 Attractive Depreciation Benefits
To inspect this property or receive additional information, please contact Knight Frank.
Sold prior to EOI close under Vendor's instructions.

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Property History for 23 Forbes St, Devonport, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$635,000
01 Dec 2016
  • 16 Apr 2021
    Listed for Rent - Price not available
  • 01 Dec 2016
    Sold for $635,000
  • 10 Nov 2016
    Listed for Sale Sold prior to EOI under Vendor's instructions
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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 7,659 properties. Over the last 5 years, Houses in Devonport have seen a 72.41% increase in median value, while Units have seen a 49.57% increase. As at 31 December 2025:

  • The median value for Houses in Devonport is $542,258 while the median value for Units is $395,448.
  • Houses have a median rent of $475 while Units have a median rent of $380.
There are currently 38 properties listed for sale, and 15 properties listed for rent in Devonport on OnTheHouse. According to Cotality's data, 348 properties were sold in the past 12 months in Devonport.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

Disclaimer
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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.

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