Positioned in one of Devonport's most convenient and well-connected locations, 14 Broadhurst Avenue presents a rare opportunity to secure a fully leased multi-unit investment offering immediate income, strong returns and long-term security.
Comprising five self-contained apartments, the complex is currently fully occupied and delivers a gross yield of over 6%, making it an attractive proposition for investors seeking both cash flow and future growth potential.
The property consists of one spacious three-bedroom apartment, one two-bedroom apartment, and three versatile one-bedroom-plus-study apartments. The upper-level residences offer flexible floorplans, with the additional room providing the perfect space for a second bedroom, home office or study.
Many areas throughout the complex have been updated to enhance tenant appeal, featuring modern kitchens, renovated bathrooms and bright open-plan living spaces designed to maximise natural light.
Constructed from solid, low-maintenance materials and benefiting from five separate income streams, this investment offers a level of security rarely found in single-tenancy properties. Multiple leases help reduce vacancy risk, provide greater income stability and create resilience through changing market conditions.
Located just moments from Devonport's CBD, shopping precincts, schools, public transport and essential services, the property continues to attract strong tenant demand and has enjoyed an excellent occupancy history.
Investments of this scale, with established tenancies and a gross yield exceeding 6%, are seldom offered in such a tightly held Devonport location. Whether you're looking to expand your portfolio or secure a high-performing asset from the outset, 14 Broadhurst Avenue is an opportunity not to be missed.
*McGrath Devonport believes the information contained is accurate; however, interested parties should rely upon their own enquiries. Plans are indicative only.
