29-31 Elizabeth Street
Devonport, TAS 7310

Overview

29-31 Elizabeth Street, DevonportExpressions of interest TAS 7310

Positioned in a highly accessible pocket of Devonport, 29-31 Elizabeth Street offers a rare and flexible opportunity suitable for investors, developers, and owner-occupiers. The property is situated on a substantial parcel of land measuring approximately 1,915 square meters and is zoned as Light Industrial, providing immediate usability with exciting potential for future development.

The existing residence is a classic weatherboard home featuring three bedrooms and one bathroom. It is complemented by timber windows and an iron roof, which reflect the original character of the home. Inside, the property is kept comfortable with wood heating. With some refurbishment, the home could be brought up to a rentable standard, offering an income stream while planning your next move.

Externally, the property excels with ample parking space, a large workshop, and four additional sheds. These features provide abundant storage and workspace options, ideal for tradespeople, small business operators, or those requiring extra room for equipment and projects. The land is fully fenced and benefits from connected utility services, making it practical and functional from day one.

The Light Industrial zoning opens the door to a wide range of possibilities, subject to council approval. These include redevelopment, business use, or potential subdivision. With its generous land size and strategic location, this property can adapt to various visions, whether holding as an investment, operating a business from home, or unlocking its development potential.

Key features include:

• Approximately 1,915 square meters fully fenced allotment
• Light Industrial zoning with development and subdivision potential (subject to council approval)
• Weatherboard home with three bedrooms and one bathroom
• Timber windows and iron roof
• Wood heating for comfort
• Large workshop plus four additional sheds providing extensive storage and workspace
• Ample onsite parking
• Connected utilities ensuring functionality
• Scope to renovate and lease the dwelling for income

Opportunities of this scale and flexibility are increasingly rare in the market. Whether you are looking to invest, develop, or secure a property with long-term upside, 29-31 Elizabeth Street is a compelling option worthy of consideration.

Location