112 William Street
Devonport TAS 7310
For Sale by Investment Portfolio Auction
Auction: 25th Feb 2026 (10:30 am)
Ultra Rare Hungry Jack's Ground Lease - Tasmania's First Food Offering in 2026
Elders Commercial, together with CBRE are pleased to offer to the market Hungry Jack's Devonport, a premium fast food ground lease investment, for sale via Investment Portfolio Auction at 10:30 am (AEDT) Wednesday 25 February 2026 at the Crown Casino, Melbourne.The property has the following investment highlights:
+ New 10 - year ground lease to 2034 plus option to 2039
+ Annual CPI increases with market review at option
+ Highly sought after ground lease structure
+ Tenant responsible for all capital and structural repairs and maintenance
+ Tenant pays Council rates, Water Rates and Single Holding Land tax
+ Hungry Jack's: National fast-food giant operating over 440* stores with 19,000* + employees, tenant since 2004* (1)
+ Irreplaceable 1,979 sqm* corner site, boasting 86 m* of combined frontages
+ Substantial tenanted funded site and branding upgrade completed in 2023*
+ Strategic high profile corner site close to complementary services and uses
+ Surrounding uses include Ampol, United, KFC, Car Wash, Celebrations Liquor and a bowling alley
+ Devonport: 450,000* passengers arrive annually via the Spirit of Tasmania into Devonport (2)
+ Tourism: Tasmania welcomed 1.35* million visitors to June 2025, up 3.6%* (3)
+ Net Income: $121,002.92 pa* + GST
To be sold by Investment Portfolio Auction 182
10:30 am (AEDT) Wednesday 25 February 2026
River Room - Crown Casino, Melbourne
*Approximate
(1) Hungry Jacks
(2) Devonport City Council
(3) Tourism Tasmania
Features
General Features
- Land Area: 1,979sqm
- Commercial Type: Retail
- Building Area: 1sqm
- Zoning: Urban Mixed Use
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