Unit 1-9/117 William Street, Devonport TAS 7310

Offers Over $2,300,000

18 beds

9 baths

9 parking

Invest in the North-West Coast of Tasmania

6 x 2 Bedroom 1 Bathroom Units with carports
3 x 2 Bedroom 1 Bathroom Units with car spaces
Low Vacancy rates in a strong rental market
Close to CBD Shopping Centres and Food Outlets
6.47% Gross Income Fully Tenanted

Devonport is the Living City with infrastructure continuing beyond the recently completed Novotel Waterfront Hotel, Paranaple Centre, Multi-Level Car Park, Providore Place and the terrific new sound and light show on the Mersey Foreshore. It is the gateway to Tasmania with The Spirit of Tasmania ferries sailing up the Mersey River twice daily delivering a steady stream of cargo and passengers directly to the City.

This property presents a unique opportunity to purchase the whole complex of 9 units providing a hefty 6.47% gross income return. These units offer an essential and affordable option in a Devonport rental market that is currently extremely buoyant with minimal vacancy rates in the area. The three units in the front house have had extensive upgrades and renovation. Two of the back brick unit complex have been extensively renovated including new roofs. Other upgrades include fresh paint and carpets maintained over the past few years.

*The information contained herein has been supplied to us by sources which are considered reliable and we have no reason to doubt its accuracy. However, all interested parties should make their own enquiries to verify this information to be correct. All measurements are approximate and are for illustrative purposes only.

Property Details

• Type: House
• Bedrooms: 18
• Bathrooms: 9
• Carport Spaces: 9