89 Best Street, Devonport, TAS 7310 | Property Value & History | OnTheHouse
 
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89 Best Street
Devonport TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 140m2
Land area: 1834m2
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Property Details for 89 Best St, Devonport

Building Type
Commercial
Year Built
2016
Floor Size
140m2
Land Size
1834m2
Local Government
Devonport
Lot/Plan
371/44

Last Listing description (October 2022)

Burgess Rawson, in conjunction with Knight Frank Devonport, are pleased to offer to the market, United Petroleum, Devonport TAS for sale via Investment Portfolio Auction 156.

The property has the following investment highlights:

+ Rare 17-year Triple Net Lease to 2034 plus options to 2054.

+ United Petroleum: Top tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+ Strong and certain rental growth with fixed annual, compounding 3.25% increases.
+ Landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurances and single holding land tax.
+ Tenant also responsible for all structural maintenance, repairs, and replacement.
+ IMPORTANT: United Petroleum owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation.
+ Constructed in 2017, offering modern infrastructure and taxation saving depreciation benefits.
+ Large 1,834sqm corner site with a combined 85 metres of street frontage and exposure to 52,000 plus vehicles per week.***
+ Position perfect, directly opposite Devonport High School (500 Students) and 450 metres from Woolworths, Coles and Kmart.
+ Surrounded by important social infrastructure, including Devonport Library, Devonport Magistrates Court and 12 schools within 2.5km servicing over
4,339 full time students.****
+ Devonport: Tasmania's largest northwest city and the major service centre, port and tourism link to Melbourne.
+ Geographical significance of the area evident through ongoing private and publicly funded development projects - the $250M LIVING CITY is the largest urban renewal project ever undertaken in regional Tasmania and is transforming Devonport into a place of growth and long-term prosperity.***
+ CommSec ranks Tasmania as Australia's third best performing economy in key indicators.*****
+ Net Income: $234,682 pa* plus GST

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne

Please contact our agents below for further information:

Burgess Rawson Melbourne
Jamie Perlinger 0413 860 315
Matthew Wright 0458 290 588
Rick Jacobson 0413 830 083

Knight Frank Devonport
Nicholas Bond 0414 395 007
Clinton O'Keefe 0419 610 877

*Approximately
** United Petroleum
***Devonport City Council
****GapMaps
*****CommSec

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Property History for 89 Best St, Devonport, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$3,975,000
26 Oct 2022
  • 26 Oct 2022
    Sold for $3,975,000
  • 27 Sep 2022
    Listed for Sale Price on Request
  • 14 Sep 2017
    Sold for $3,126,000
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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.

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© 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.

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