Elders Commercial Tasmania has been engaged to sell a significant industrial development site in the rapidly growing northern Tasmanian city of Devonport.

21-29 Brooke Street, East Devonport comprises a substantial light industrial zoned parcel of land of 4.78 hectares*, located a short distance north of the Port of Devonport’s number 1, 2 & 3 east berths. The site situated on a NHVR approved transport route, with linkages to the Bass Highway and Devonport Airport.

The property was previously owned by the State Government and utilised for seed potato research and development. The warehouses have since been removed, while the former office has been retained on site. The balance of the site is predominantly cleared and fenced, primed for future industrial redevelopment options (STCA)

The Port of Devonport is a key logistics asset, being one of the largest and busiest ports in Tasmania, responsible for landing 50%* of Tasmania containerised freight, and home to the Spirit of Tasmania ferries, which services of 450,000 passengers annually. The Port is currently undergoing a $240 million infrastructure investment project known as QuayLink, upgrading berth and landside infrastructure and aimed at significantly increasing both visitor patronage and cargo/freight transiting through the Port. This upgrade is supported by new vessel purchases by TT Line and SeaRoad.

21-29 Brooke Street East Devonport is listed for sale by private treaty seeking offers over $3,300,000 + GST

Clinton O’Keefe, Commercial Sales and Leasing, North-West Tasmania said, "The rarity of industrial land availability of this scale, combined with its position so close to Port and Bass Highway infrastructure, provide a strong incentive for developers or investors to acquire the asset for new construction or further subdivision (STCA) ."

Nicholas Bond, Head of Commercial Sales and Leasing, Northern Tasmania added, "The Devonport region remains to be a tightly held industrial market, with very limited light industrial land supply greater than 5,000sqm available to purchase in the market. 21-29 Brooke Street provides an ideally adaptable asset on approx. 4.78Ha of industrial land, suited for both large scale logistics users or subdividers (STCA)."

*approximate

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