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57 Stewart Street Devonport, TAS 7310


57 Stewart Street,
Devonport, TAS 7310

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Map of 57 Stewart Street

  • Bus stops within 5 km of 57 Stewart Street, Devonport, TAS 7310Distance
    Devonport Interchange346 m
    Devonport352 m
    Spirit652 m

CBD double block landmark for residential or commercial application

Phone enquiry code for this property: 2822

Investors, developers, commercial operators, or the lifestyle buyer… URGENT SALE – Executive ocean view CBD property in the centre of Devonport Tasmania.

* Price reduced from $1.8m... seller now taking lower offers
* Devonport is Tasmania’s third biggest city, with ocean and river frontage
* Devonport is the exciting and vibrant home of Tasmania’s interstate vehicular ferry
* 57 Stewart St is Devonport’s premier executive address
* Historic 1924 double brick landmark building named “Laranah”
* Large historic house, fully renovated 2017 in readiness for sale
* Double block (two separate titles) at the elevated edge of the CBD
* Separate fully self-contained Studio apartment
* Devonport’s greatest example of 1920’s Heritage Bungalow/Arts And Crafts architecture
* Enormous private grounds, with only one neighbour
* Stone’s throw to the Mall, Banks and Post Office
* Walk to supermarkets, beaches, cafés, restaurants and Esplanade parks
* See the Spirit of Tasmania ferry dock from the front deck
* Northerly sunny aspect, protected from all wind directions
* 1hr to Launceston, 3hrs to Hobart
* Enormous development potential, and capital gain is assured

To contact the seller fastest, please fill out the email form below. Email the seller for the full Sale Brochure for this property…

57 Stewart Street is Devonport’s premier executive address. Everybody who knows Devonport will know this house. The position is the highest point in the CBD, with a commanding view over the CBD to the ocean. “Laranah” at 57 Stewart Street, is an island property, with CBD roads on three sides, so it is already a highly visible commercial address.

Laranah is currently a spacious landmark private residence, however it is ready for immediate conversion to a Lawyer’s agency, Architectural firm, Surveyor’s office, or Doctor's/Dental clinic. This property could be instantly converted to a Child Care Centre, Café, Restaurant, or a high end Wedding Venue. Everything is on the one level for a public liability advantage (no stairs). The enormous 5 bedroom house has been rented in the past as 4 separate flats - which could be easily reinstated at any time. The entire property was totally rewired and re-plumbed in 2017, including oversized water supply pipes, and a new 3 phase power connection for increased commercial demand if required.

Laranah could be immediately operated as the most fabulous ocean view holiday accommodation - either room by room, or with the main house and the self-contained Studio apartment as two rentable spaces. Dividing the house into 3 units (by closing 1 doorway), offers around $900/night holiday rate. That could all be done remotely from Sydney or Melbourne if required (using a local manager and cleaner). Live in the best unit and rent the others for an easy income, or book yourself and friends in whenever you like!

CBD parking is available all around the property, including the adjacent Payne Avenue Council Carpark. 57 Stewart St has an existing outside toilet for customers, and separate 5 star self-contained Studio accommodation, which could be used for staff/Manager lodging or as a master office with its own ensuite.

Forget about subdivision “potential”... 57 Stewart St is already a 1,300m2 double block, with two separate Titles. It is the last surviving double residential block this close to the Devonport Mall. One Title encompasses the front grounds of the house, so it could be sold separately, or developed separately at any time.

“LOCATION, LOCATION, LOCATION!” - they don't say that for nothing. People from Sydney and Melbourne know that location is everything. Pick the right location, and you cannot lose... a high sale price (if you can afford it) simply means a very high return from selling the property later.

Be ready for the Covid-19 property bounce! Interest rates are now at record lows. The Hobart property market began booming a year ago, and now that has started spreading to the rest of Tasmania. As soon as the virus headache wears off, then the Australian property market will boom, especially in areas which were already on the rise. Now is the time to buy high-end property in Tasmania.

The property market in regional Tasmania is running hot despite coronavirus - or indeed because of it. Regional Tasmania has seen a greater increase in property values than any other State over the past five years - and it still does. Regional Tasmanian property values have risen 9% over the past year!

There is only one hill overlooking the Devonport CBD, and the property for sale here, 57 Stewart Street, is perfectly positioned on that hill. Where else would you find a 1,300m2 double block (two separate Titles), where you could throw a stone and almost hit the central pedestrian Shopping Mall?

The entirety of this property (inside and out), was totally renovated new in 2017 at a materials cost of $400,000, and about the same in builder’s costs. Laranah has the best of both worlds; it is a fabulous historic building, yet with every single element upgraded and updated to 2020 technology.

Laranah is now better than it ever was; an elegant 2020 executive address - ready to take pride of prominent place, watching over the Devonport CBD and Mersey River mouth for another 100 years. The Devonport and Hobart Newspapers have both run unsolicited stories on this property sale - purely from the public interest perspective.

URGENT SALE. There is no mortgage on the property, the price is negotiable, and the owner is under pressure to sell quickly. The original $1.8m asking price was based on current market analysis. If you can suggest a valid reason why 57 Stewart Street is worth less than $1.8m, then the owners will probably accept your lower offer - all they want is reasonable market price.

Email the seller for the full Sale Brochure for this property.

Phone enquiry code for this property: 2822

Property ID: 503569330Last Updated: 23 Oct 2020

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57 Stewart Street
Devonport, TAS 7310

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