1 Edward StreetDevonport TAS 7310
Property Details for 1 Edward St, Devonport
Last Listing description (January 2020)
1-3 Edward Street, Devonport presents an outstanding opportunity to purchase a slice of Devonports CBD that is 100% leased to a well-established baby products retailer Storktalk which has occupied the site for approximately 10 years.
The property is superbly located in the block adjacent to Devonports Rooke Street Mall, set within walking distance of many CBD buildings, retailers, public facilities and accommodation such as the Gateway Inn.
This retail investment opportunity will not disappoint the savvy investor, who will no doubt see the benefits of this inner CBD location as the Devonport CBD continues to re-generate and develop.
3 year term from 1 July 2018, with 3 year option, the property provides an estimated net income of approximately $52,500.
For Sale $675,000 plus GST (if applicable)
Property History for 1 Edward St, Devonport, TAS 7310
- 15 Nov 2019Sold for $655,000
- 29 May 2019Listed for Sale For Sale by Expressions of Interest
- 05 Jun 1996Sold for $125,000
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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 2011 was 14,009 people. By 2016 the population was 13,761 showing a population decline of 1.8% 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 professional occupation. In 2011, 62.2% of the homes in Devonport were owner-occupied compared with 59.4% in 2016.
Devonport has 7,654 properties. Over the last 5 years, Houses in Devonport have seen a 74.99% increase in median value, while Units have seen a 75.79% increase. As at 31 October 2024:
- The median value for Houses in Devonport is $456,343 while the median value for Units is $401,116.
- Houses have a median rent of $420 while Units have a median rent of $355.
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