21 Tasman Hwy

Sorell TAS 7172

174 m²

2729 m²

House

Currently for sale - view listing

Overview

Prime Development Opportunity on a Generous 2,729m² Allotment

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 offering may also appeal as a unique dual-living solution, ideal for accommodating elderly parents or teenage children now, with the option to capitalise on the land's development potential in the future. Located within close proximity to Sorell's town centre, schools, shops and essential services, and offering easy access to Hobart and surrounding regions, this is a strategic acquisition in an area continuing to see strong demand and growth. Opportunities of this scale and flexibility are increasingly rare. Whether you're a developer seeking your next project or a buyer with an eye firmly on the future, 21 Tasman Highway, Sorell represents outstanding potential in a high-profile location. Preliminary plans of proposed development can be sent through upon buyers request. The Vendor reserves the right to accept an offer at any time during the marketing period. To arrange your inspection, please contact our office using the Contact Agent link on this page. All measurements are approximate and details intended to be relied upon should be independently verified. The particulars contained in this advertisement do not form any contract. While care has been taken in its presentation, no representation is made and no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.