CBRE together with Elders Commercial Tasmania together are pleased to offer to the market Hungry Jack’s Devonport, a premium fast food ground lease investment, located at 112 William Street, Devonport TAS, for sale via Investment Portfolio Auction.

This opportunity has the following key 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 including Ampol, KFC, car wash, liquor outlet and bowling alley
+ Devonport: 450,000* passengers arrive annually via the Spirit of Tasmania into Devonport (2)
+ Devonport: Devonport has a diversified economy based on the traditional sectors of Retail Trade, Health Care and Social Services, Manufacturing and Freight. With LIVING CITY, Devonport is emerging as the service, retail, tourism and cultural capital of North West Tasmania (2)
+ Tourism: Tasmania welcomed 1.35* million visitors to June 2025, up 3.6%*in the year ending September 2024, up 3.5% on 2023 (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