We are delighted to offer ‘For Sale or Lease’, this large land holding with improvements close to Devonport CBD and Bass Highway. Currently leased until 11 April 2024, this asset is ideal for owner occupiers seeking to purchase their own site, or investors keen to landbank a holding of 5,554 sqm* with ‘General Residential’ zoning, making it a perfect candidate for a future residential development close to the CBD (STCA). The asset comprises the following key features:

• Elevated site, just 1.6 km* from the Devonport CBD
• Strong road linkages to the Bass Highway, CBD & Port
• Adjacent to Highway 'on ramp' providing great exposure
• 22,257** passing vehicles daily
• Existing workshop and office facility – GBA 1,619 sqm*
• Large, compacted hardstand yard
• Located at the edge of a popular residential precinct
• A 'General Residential' landholding of 5,554 sqm*
• Identifiable 'future-use' development potential (STCA)

The Devonport region presently has limited industrial supply. Land availability combined with increased construction costs have left the market with scare supply of stock for sale or lease. With the potential to examine the continuation of the "existing use" or review future development options for a townhouse/unit development, this site provides a multitude of possibilities for a tenant, owner occupier, investor or developer (STCA).

For further details or to inspect, please contact the Selling Agents.

*Approximately
**AADT - https://tasmaniatrafficdata.drakewell.com/