3/96A North Fenton Street, Devonport TAS 7310

North-facing unit | direct waterfront walk | existing lease to Sep 2026 | brick veneer low-maintenance | premium Devonport pocket This property’s primary buying case rests on its uncommon combination of north-facing orientation, a fully fenced private yard rare for a unit, and immediate proximity to the Devonport waterfront. The brick veneer construction and single-level layout reduce ongoing maintenance exposure, while the existing tenancy through September 2026 provides immediate rental income certainty. The unit serves best an investor seeking low-touch yield in a sought-after street, or a downsizer wanting lock-and-leave access to lifestyle amenities without strata complexity. The key risk is the modest 156sqm land component, which limits future capital growth relative to standalone houses. Body corporate obligations likely apply, though the exact fees and governance structure require verification. The tenancy removes vacant possession as an option for owner-occupiers until late 2026, which may reduce buyer competition. The opportunity lies in the address’s demand resilience: North Fenton Street’s walkability and established character should support stable tenant demand and resale liquidity. Buyers should confirm the strata sinking fund position and any upcoming special levies before committing.