5/45 Steele Street Devonport, TAS 7310

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.