56 Best Street, Devonport, TAS 7310 | Property Value & History | OnTheHouse
OFF MARKET

56 Best Street
Devonport TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 121m2
Land area: 613m2
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Property Details for 56 Best St, Devonport

Building Type
Commercial
Year Built
1971
Floor Size
121m2
Land Size
613m2
Local Government
Devonport
Lot/Plan
6/68277

Last Listing description (February 2019)

This fantastic opportunity has now been made available to investors. With three tenants it offers strong income and a spread of risk across the investment. The three tenants are long-term occupants who have all renewed leases for a further three years each. The tenancies consist of a finance broker, conveyancer and wealth manager. This combination works well as all three businesses compliment each other.
The property is an old house that has been renovated and developed to create modern, stylish and spacious office space. The property boasts off-street parking for approximately 8 cars, street front access and off-street access, approximately 8 office spaces and reception, modern security including monitoring and many other features you would expect in a modern office space.
The property is ideally located in the CBD being walking distance from the busy Rooke St Mall, retailers and the ever growing Devonport Council Living City Project. In addition to off-street parking there is also meter parking in Best Street and the property is also close to the Coles and Woolworth's complex.

The leases have good room for growth built into them including options and with the current long-term tenants enjoying strong growth there is potential for longevity.
Please make further inquiry for further information.
3 tenants
Off-street parking (approx.. 8)
CBD location
Walking distance to Rooke St Mall
Busy Best St location
Modern and stylish office space
Approx. 8 office rooms

Property History for 56 Best St, Devonport, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$615,000
20 Dec 2018
  • 20 Dec 2018
    Sold for $615,000
  • 04 Jun 2018
    Listed for Sale $650,000
  • 08 Apr 2016
    Sold for $525,000
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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 7,664 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.

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.