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5/45 Steele Street,
Devonport 7310, Tasmania

2 bedrooms
1 bathroom
1 car space
90m² land size
74m² building size
Apartment

Price withheld

Property details

Secure Investment in a Growing Devonport Market

SOLD BY CORDELL RICHARDSON BEFORE IT EVEN HIT THE MARKET

For investors looking to secure an income producing property in one of Tasmania's stronger regional markets, 5/45 Steele Street presents a compelling opportunity.

Devonport's property market has continued to show positive momentum, with recent data recording strong growth across the unit sector. Combined with increasing rental demand, ongoing investment throughout the city and the convenience of a central location, Devonport continues to attract attention from both local and interstate investors.

Already leased at $400 per week until 26 November 2027, this property provides immediate rental income and the security of a long term tenant already in place.

Positioned upstairs within an established complex, the unit offers two bedrooms with built in wardrobes, an open plan kitchen, dining and living area, private balcony and an elevated outlook across parts of Devonport. Reverse cycle heating and cooling provides year round comfort, while the bathroom incorporates the laundry for efficient use of space.

A separate single carport provides off street parking, while the location places the Devonport CBD, shopping, cafes, schools and everyday services within easy reach.

Investment highlights include:

• Lease until 26 November 2027 at $400 per week
• Annual rental income of $20,800
• Positioned within Devonport's growing market
• Two bedrooms with built in wardrobes
• Open plan kitchen, dining and living
• Private balcony with elevated outlook
• Reverse cycle heating and cooling
• Separate single carport
• Body Corporate fee approximately $300 per annum
• Body Corporate insurance approximately $520 per annum
• Council rates approximately $1,666.02 per annum
• Convenient location close to the Devonport CBD

With rental income already secured and Devonport continuing to record growth across both property values and rents, this is an opportunity to add an established, low maintenance asset to your portfolio with income from day one.

*We have no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Some images may include virtual enhancements such as lighting adjustments or virtual styling. All fixed structures and permanent features remain true to the original property.

Explore the area

Static map image for property View in Google Maps

School catchments

  • Devonport Primary School Primary K-6 Government 0.13km
  • Our Lady of Lourdes Catholic School Primary Prep-6 Catholic 0.27km
  • East Devonport Primary School Primary K-6 Government 1.2km
  • Miandetta Primary School Primary K-6 Government 1.7km
  • Nixon Street Primary School Primary K-6 Government 1.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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