Positioned in a highly accessible pocket of Devonport, 29-31 Elizabeth Street presents a rare and flexible opportunity for investors, developers, and owner-occupiers alike. Set on a substantial 1,915m² parcel of land and zoned "Light Industrial", this property offers immediate usability with exciting future potential.
The existing dwelling is a classic weatherboard home featuring three bedrooms and one bathroom, complemented by timber windows and an iron roof that reflect its original character. Inside, the home is kept comfortable with wood heating, and with a touch of refurbishment, it could be readily brought up to a rentable standard providing an income stream while you plan your next move.
Externally, the property truly comes into its own. With ample parking, a large workshop, and four additional sheds, there is no shortage of storage or workspace options ideal for trades, small business operators, or those seeking extra room for equipment and projects. The land is fully fenced and benefits from connected utility services, making it both practical and functional from day one.
The Light Industrial zoning opens the door to a wide range of possibilities (STCA), including redevelopment, business use, or potential subdivision. With its generous land size and strategic positioning, this is a property that can adapt to your vision whether that's holding as an investment, operating from home, or unlocking its development potential.
Key Features:
- 1,915m² (approx.) fully fenced allotment
- Light Industrial zoning with development/subdivision potential (STCA)
- Weatherboard home with 3 bedrooms, 1 bathroom
- Timber windows and iron roof
- Wood heating
- Large workshop plus four additional sheds
- Ample onsite parking
- Connected utilities
- Scope to renovate and lease the dwelling
Opportunities of this scale and flexibility are becoming increasingly rare. Whether you're looking to invest, develop, or secure a property with long-term upside, 29-31 Elizabeth Street is well worth your consideration.
