1,2 & 3/79 Nixon Street, Devonport TAS 7310

Property Details: • Type: Block of Units

• Bedrooms: 2 • Bathrooms: 1

Description: Opportunities like this do not come along often, three fully leased units on separate titles, sitting on a combined 645m2 allotment in a proven Devonport location. 1, 2 & 3/79 Nixon Street delivers immediate income with long-term flexibility, the combination serious investors look for. Each unit is currently leased at $456 per week on secure two year agreements, generating a combined $1,368 per week or $71,220 per annum gross. The income is established and in place from day one. All three dwellings are on separate titles, giving you control over your future decisions. Sell one and retain two. Refinance individually. Restructure your portfolio 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 strengthens long-term positioning. The units themselves are neat, light filled and practical. Modernised kitchens and bathrooms provide comfortable living, while functional floorplans, private courtyards 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 offers flexibility as well as scale, this deserves serious consideration. For more information or to book a private inspection please call 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.