Renovate, or develop multiple dwellings (18 residential and 3 commercial)
This is an outstanding opportunity to secure this rare opportunity with architect plans in place for a shop top apartment project at Taroona in this prime beach side residential suburb neighbouring Sandy Bay at just 15 minutes south of the Hobart CBD and within 10 minutes to Kingston Beach.
Please contact agent for further information and plans.
What a great time to get into this market and set up your future. With the new AFL $1b plus stadium, AFL high performance centre and $30+ billion state government infrastructure pipeline plan, the face of Hobart will change yet again and high growth is expected in the coming years.
The property on the water side of Channel highway (mixed use site) features two separate houses on separate titles (150 and 152 Channel Highway) both of which are tenanted with plan in place for this outstanding project including the possibility for 3 commercial spaces, 24 * class 3a car park spaces (2700*5400); bicycle parking plus 18 units with various floor plans.
The current houses feature:
– Beautiful water glimpses across the River Derwent
– Desirable north aspect, capturing all day sunshine
– Walking distance of two picturesque beaches
– Nearby popular & scenic foreshore/ coastline track
– Proximity to Sandy Bay CBD & 10km from the city
– Close to reputable local public primary/ high school
150 Channel Highway is a 1950 brick house with approx. 1126m2 land, 3 bedrooms/2 bathrooms and 142m2 internal total useable area.
152 Channel Highway is a 1961 weatherboard house with approx. 975m2 land, 4 bedrooms/1 bathroom and approx. 186m2 internal total useable areas.
About Taroona
Taroona is a tightly held suburb just minutes to Hobart with Sandy Bay being the next suburb with prime properties rarely coming to market. Taroona is a quiet, friendly, and safe suburb offering outstanding walks and scenery. There are barbecues, bowls club, tennis courts, skateboard park, scout’s hall, community hall available – even a community garden.
Taroona High and Primary Schools are an easy stroll along the beach-front walking track or road.
About Hobart:
Tasmania’s infrastructure pipeline over the next 10 years will surpass $30 billion, providing the workforce with certainty for years to come. The latest Tasmanian 10-year Infrastructure Pipeline shows a steady stream of work ensuring continued economic growth.
High projects committed include the $500m restaurant and entertainment precinct at Berriedale alongside My State Arena; the upcoming Macquarie Point precinct for an approx. $1b multi-purpose roofed stadium, a $2.1 billion investment into a large AI data warehouse, and Project Marinus Stage one with an estimated stage 1 cost of $5.1 billion – likely to be the highest value Tasmanian infrastructure project in history.
With low interest rates and the market climbing month on month, get in quick and beat further price rises. Tasmania is known for its pro-environmental stance, and in 2020 achieved 100% renewable energy status thanks to a combination of hydroelectricity, wind, and solar energy sources.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information. The vendor reserves the right to accept offers prior to the advertised open home times.