120 Tarleton StreetEast Devonport TAS 7310
Property Details for 120 Tarleton St, East Devonport
Last Listing description (August 2024)
Positioned on East Devonport's busy Tarleton Street in a highly visible location, this light-industrial zoned storage/workshop facility offers a unique opportunity for dual incomes, or a mix of tenant and occupancy by the property owner.
The long term Tenant (car detailing business) is situate in one workshop and holds a lease until August 2024, having occupied the site in excess of 14 years.
The second workshop is currently vacant, presenting an opportunity to offer this space for lease for a second income, or to occupy for the owner-occupiers own use while collecting a rental income from the existing neighbouring tenant as noted.
With both workshops having been constructed in 1984, of a colourbond wall and roof composition, and of similar size and layout, features of the overall site include:
- Total building size of approx. 259sqm, split evenly between the two workshops
- Each building comprised of kitchen, toilet, front office and workshop with rear roller door access
- Both properties alarmed
- Total land area of 809sqm, with fenced boundary and secure lockup gate through common driveway to shared rear yard
- Two off-street parking spaces to immediate front of property for each property
- Excellent branding opportunities available, owing to significant passing traffic on main road frontage
The site is neighboured by a mix of other commercial and residential premises, and is in close proximity to East Devonport's main retail, commercial and port hub, home of the Spirit of Tasmania ships and terminal.
Annual statutory outgoings for the site (Council Rates, Land Tax, TasWater Rates) are $6,600, with 50% of these reimbursed by the existing tenant.
Listing price is $485,000. GST is not expected to apply.
An excellent opportunity for both those seeking to add to their commercial investment portfolio, and those looking to start with an affordable investment.
Contact the listing Agent, Alan Halliwell, with all enquiries or to schedule an inspection.
Property History for 120 Tarleton St, East Devonport, TAS 7310
- 14 Jun 2024Sold for $435,000
- 14 Dec 2023Listed for Sale $485,000
- 12 Dec 2023Listed for Rent $15,000 / year
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0About East Devonport 7310
The size of East Devonport is approximately 12.3 square kilometres. It has 6 parks covering nearly 2.8% of total area. The population of East Devonport in 2011 was 4,200 people. By 2016 the population was 4,064 showing a population decline of 3.2% in the area during that time. The predominant age group in East Devonport is 60-69 years. Households in East Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Devonport work in a labourer occupation. In 2011, 55.6% of the homes in East Devonport were owner-occupied compared with 53.9% in 2016.
East Devonport has 2,343 properties. Over the last 5 years, Houses in East Devonport have seen a 75.50% increase in median value, while Units have seen a 74.87% increase. As at 31 October 2024:
- The median value for Houses in East Devonport is $410,365 while the median value for Units is $388,243.
- Houses have a median rent of $420 while Units have a median rent of $335.
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