Fast Food
Metro
CBRE
Sold
Hungry Jack's Davenport
112 William Street, Devonport, TAS 7310
Property Description
Hungry Jack's Davenport is a Fast Food asset located in Devonport, TAS that was sold for $3,580,000 on 25 Feb 2026, with the transaction facilitated by CBRE. The property situated on a 1,979 m² landholding at a rate of $1,809 per square metre. The property was leased to Hungry Jack's and generated an estimated net income of $121,002 and offered a WALE of 8.4 years, with further options extending the lease profile by an additional 5 years. The investment reflected a reported yield of 3.38% at the point of transaction.
Key Metrics
Sale Price
$3,580,000
25 Feb 2026
Yield
3.38%
Net Income $121,002
Land
1,979 m²
$1,809/m²
Building
—
—
Net Income
$121,002 p.a.
Single Tenant tenancy
Parking
—
Rate —
Address & Location
| Full Address | 112 William Street, Devonport, TAS 7310 |
|---|---|
| Suburb | Devonport |
| State / Postcode | TAS 7310 |
| Metro / Regional | Metro |
| Property ID | MBt4Bxz |
Asset & Physical
| Asset Type | Fast Food |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $3,580,000 |
|---|---|
| Sale Date | 25 Feb 2026 |
| Net Income | $121,002 |
| Yield | 3.38% |
| Land Area | 1,979 m² |
|---|---|
| Land Rate | $1,809/m² |
| Building Area | — |
| Building Rate | — |
Lease & WALE
| Rent Start | 01 Jul 2024 |
|---|---|
| Rent End | 30 Jun 2034 |
| Term (input) | 10 |
| WALE | 8.39 yrs |
| Rent Reviews | CPI |
|---|---|
| Options | 5 |
| Lease Confirmed | |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Matthew Wright
CBRE
George Wilkinson
CBRE