Packed with potential and offering multiple future options, 5 Charles Street is a smart acquisition.
Positioned on a substantial 1,336m² parcel of land, this property offers a rare chance to secure a development site (STCA) within close proximity to Devonport's town centre.
The existing home is a 3-bedroom, 1-bathroom property with separate toilet, featuring an updated kitchen and bathroom (installed 2020). The kitchen includes Milano appliances, new benchtops, and a walk-in pantry, while the home is kept comfortable with a heat pump. Two original fireplaces remain in place (currently not in use). Updated floor coverings and carpet in rooms within the last few years.
A large laundry/mudroom, outhouse toilet, and single garage with additional storage, plus a separate shed, provide functional space for tenants or future works.
**The home is currently leased until October 2026, providing immediate holding income while you plan your next move.**
The property does require further work externally and modernisation, however this has been reflected in its positioning and presents a clear value-add opportunity.
• Flat, usable 1,336m² block
• Close to CBD (approx. 4 mins drive)
• Subdivision or redevelopment potential (STCA)
• Strong appeal for investors and land-bank buyers
Whether you're looking to:
• Develop now or in the future
• Land bank with income
• Renovate and add value
• Enter the market at an accessible level
This is a property where the upside is clear.
Opportunities like this - combining land size, location, and flexibility - are tightly held and increasingly hard to find.
*Harcourts Devonport & Shearwater have no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Interested parties are advised to carry out their own investigations. All measurements are approximate. Some images may include virtual enhancements such as lighting adjustments or virtual styling. All fixed structures and permanent features remain true to the original property.
Property ID: #L28437354
