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Prime Development Opportunity on a Generous 2,729m² Allotment
Richmond, Clarence
· 5 Bedrooms · 3 Baths · House
Richmond, Clarence · 5 Bedrooms · 3 Baths · House
Positioned on the Tasman Highway in the heart of Sorell, this substantial 2,729m² parcel presents a rare and compelling opportunity for developers, investors or astute buyers seeking to secure a significant landholding with strong future potential. The existing front residence could be leased at approximately $600-$620 per week and remain tenanted throughout the early stages of any future development, providing valuable holding income. In addition, a second 55m2 one bedroom dwelling on the property is currently rented at approximately $250 per week. This dwelling would need to be removed to allow for the proposed placement of up to five additional units beyond the existing home site, unlocking the property's true development potential (subject to council approval). With its generous land size and configuration, the property lends itself to a multi-unit development or, for those with a longer-term vision, land banking in a rapidly growing and well-serviced location. For families, this o
Positioned on the Tasman Highway in the heart of Sorell, this substantial 2,729m² parcel presents a rare and compelling opportunity for developers, investors or astute buyers seeking to secure a significant landholding with strong future potential. The existing front residence could be leased at approximately $600-$620 per week and remain tenanted throughout the early stages of any future development, providing valuable holding income. In addition, a second 55m2 one bedroom dwelling on the property is currently rented at approximately $250 per week. This dwelling would need to be removed to allow for the proposed placement of up to five additional units beyond the existing home site, unlocking the property's true development potential (subject to council approval). With its generous land size and configuration, the property lends itself to a multi-unit development or, for those with a longer-term vision, land banking in a rapidly growing and well-serviced location. For families, this o
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