Overview

Presenting a rare investment opportunity with three fully leased units located at 1, 2 & 3/79 Nixon Street, Devonport, Tasmania. This property is situated on a combined allotment of approximately 645 square meters, providing a solid land holding component that enhances its long-term value.

Each unit is currently leased at $456 per week under secure two-year agreements, generating a total income of $1,368 per week or $71,136 annually. This established income stream is in place from day one, making it an attractive option for serious investors.

All three units are on separate titles, offering flexibility for future decisions. Investors can choose to sell one unit while retaining the others, refinance individually, or restructure their portfolio over time without being locked into a single exit strategy.

The units themselves are well-maintained, featuring modernized kitchens and bathrooms that provide comfortable living spaces. Functional floor plans, private courtyards, and car accommodation contribute to strong tenant retention. The low-maintenance construction ensures manageable ongoing upkeep.

Located within easy reach of local primary and secondary schools, sporting facilities, and everyday shopping, the Devonport CBD is just minutes away. This proximity provides tenants with quick access to supermarkets, medical services, cafés, and the waterfront precinct. The area is an established residential pocket where rental demand remains steady, supported by its closeness to employment hubs and essential services.

For investors, the consistency of location is just as crucial as the financial figures. If you are looking to enhance your portfolio with a proven, income-producing asset that offers both flexibility and scale, this property warrants serious consideration.

For further information or to arrange a private inspection, please contact the listing agent.

Disclaimer: While every effort has been made to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers should take necessary actions to satisfy themselves regarding any pertinent matters.

Location