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

69 Best Street
Devonport TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 194m2
Land area: 1012m2
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Property Details for 69 Best St, Devonport

Building Type
Commercial
Year Built
1905
Floor Size
194m2
Land Size
1012m2
Local Government
Devonport
Lot/Plan
1/230408

Last Listing description (May 2024)

Halliwell Property Agents is delighted to present this fantastic investment opportunity to the commercial market.

The property consists of modern professional office space over two stories in the CBD of Devonport. The property boasts several off-street parking spaces which is a valuable commodity for commercial property in the CBD of Devonport. The site is high profile and enjoys good exposure to traffic and has excellent signage at the front of the property making it attractive to a range of tenancies. The property is low maintenance and with excellent tenants in place.

The property is currently occupied by two strong government linked tenancies. The total nett passing rent for the site is currently $111,138.36 however both tenancies are due for rental increases to CPI in July which will increase the nett passing rent to approx.. $114,500.

Tenancy 1 is two years into a five-year lease expiring in June 2027 with an option of 5 years beyond that date.
Tenancy 2 is three years into a five-year lease expiring in July 2026 with two further 5-year options beyond that date.

All rents are plus GST and all outgoings are paid by the tenancies.

Rates $12,593 p.a.
Water $3,800 p.a.
Land Tax $1,196.10

69 Best St, Devonport is a fantastic investment opportunity for the right buyer to add to their portfolio as it is low-maintenance and securely leased. For more information including lease information please contact Alan Halliwell.

Property History for 69 Best St, Devonport, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$250,000
11 Jan 2007
  • 08 May 2024
    Listed for Sale $1,950,000
  • 18 Jul 2010
    Listed for Sale $410,000
  • 11 Jan 2007
    Sold for $250,000
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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 70.83% increase in median value, while Units have seen a 52.37% increase. As at 31 January 2026:

  • The median value for Houses in Devonport is $554,435 while the median value for Units is $416,843.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 36 properties listed for sale, and 11 properties listed for rent in Devonport on OnTheHouse. According to Cotality's data, 355 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.