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Investment Opportunity For Sale
Investment Opportunity Investment Opportunity

1/79 Nixon Street, Devonport, TAS, 7310

Investment Opportunity

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Last updated on Saturday, April 18, 2026 ( See property details for 1/79 Nixon Street, Devonport, TAS, 7310)

Offers Over $385,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile investment opportunity featuring three fully leased units on separate titles in a sought-after Devonport location, offering immediate income and future flexibility.

🏡 Property Highlights

  • Three fully leased units on separate titles in a proven Devonport location
  • Immediate income of $456 per week from a secure two-year lease
  • Flexible land holding with control over future decisions
  • Neat, light-filled unit with modernised kitchen and bathroom
  • Private courtyard and car accommodation supporting tenant retention
  • Strong market demand with two units already under offer

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Garage
  • Open-Plan Living
  • Internal Laundry
  • Security Screens / Gates
  • Fly Screens
  • Low-Maintenance Yard
  • Car Spaces
  • Property Type: Unit

Devonport offers a vibrant community with excellent amenities, including schools, sporting facilities, and shopping precincts. Its strategic location provides strong rental demand due to proximity to employment hubs and the waterfront. The area boasts a stable real estate market, making it ideal for investors seeking reliable income. Local infrastructure and lifestyle amenities support long-term growth and tenant appeal. An established residential pocket with consistent demand ensures a sound investment environment.

What is the current rental income and lease term for the units?
The units are currently leased at $456 per week under a secure two-year agreement, providing immediate income.
Are there any ongoing maintenance or management costs?
The units feature low-maintenance construction, which helps keep ongoing upkeep manageable, though specific costs should be discussed with the property manager.
What are the future development or zoning restrictions in the area?
Potential buyers should verify local zoning regulations and any future development plans with the Devonport City Council to understand possible restrictions or opportunities.
Is there potential for future property value growth in this area?
Yes, Devonport's established residential demand and strategic location support long-term property value appreciation.
What are the nearby amenities and transport options?
The property is close to primary and secondary schools, sporting facilities, shopping centres, medical services, cafés, and the waterfront precinct, with easy access to transport links.
Are there any existing or upcoming strata or body corporate fees associated with the units? Are there any easements, zoning restrictions, or planning overlays affecting the property? Have any recent inspections revealed structural issues or defects? Are there any planned developments or construction activities nearby that could impact the property? What are the flood or bushfire risks in this area, and are there any relevant safety measures in place?

1/79 Nixon Street, Devonport, TAS, 7310 - More Details

Investment Opportunity

Opportunities like this do not come along often, three fully leased units on separate titles, positioned on a combined 645m² allotment in a proven Devonport location. With two units now under offer, this offering already reflects strong market demand, leaving one remaining opportunity for investors to secure an income-producing asset with future flexibility. The unit is currently leased at $456 per week on a secure two-year agreement, delivering immediate income from day one. All three dwellings sit on separate titles, giving you control over your future decisions. Whether you choose to retain, sell, refinance or restructure over time, you are not locked into a single exit strategy. The site spans approximately 645m² in total, adding a solid land holding component that supports long-term positioning. The unit itself is neat, light filled and practical. A modernised kitchen and bathroom provide comfortable living, while a functional floorplan, private courtyard and car accommodation support strong tenant retention. Low maintenance construction keeps ongoing upkeep manageable. Nixon Street sits within easy reach of local primary and secondary schools, sporting facilities and everyday shopping. The Devonport CBD is only minutes away, giving tenants quick access to supermarkets, medical services, cafés and the waterfront precinct. This is an established residential pocket where rental demand has remained steady, supported by proximity to employment hubs and essential services. For investors, that consistency in location is just as important as the numbers. If you are looking to strengthen your portfolio with a proven, income producing asset that still offers flexibility, this remaining opportunity deserves serious consideration. For more information or to book a private inspection, please contact the listing agent Kurt Knowles today. Disclaimer: While Harcourts Ulverstone & Penguin has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1

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