43A Bay Rd

New Town TAS 7008

260 m²

2008 m²

House

Currently for sale - view listing

Overview

Rare multiple dwelling/development site

- Generous near level allotment of 2008 m2 - Inner Residential Zoning - North and west facing to maximise sun - Multi-generational living, investment or development opportunities STCA - Popular suburb with proximity to services, schools and the CBD - Short walk to Cornelian Bay foreshore Opportunities for families or developers seeking a multi-dwelling site of near level land, such as this New Town property are to be captured when they arise. Tucked away in a convenient enclave of one of Hobarts cherished and historically significant suburbs, the large allotment of 2008m2 currently has a 4 bedroom home and 2 bedroom cottage. Built in 1955, the dwellings are made with handmade brick and are a testament to the mid-century era. The two Art Deco family homes present a unique opportunity and many possibilities. Live in one and earn income from the other, renovate the existing dwellings, add a third or create something more substantial STCA. Zoned Inner Residential, allowing for higher density development (STCA). This opportunity offers a wealth of potential development options. The current owner has already completed some preliminary work for an additional dwelling STCA or could provide assistance with designs for something more substantial. The site receives plenty of sun and has well established trees providing lots of privacy. These properties have much of their original features, with some improvements having been added over the years. Here is a rare opportunity to purchase a desirable parcel of land in a prime location, close to the city but still retaining the benefits of a leafy suburb. The land size offers endless possibilities for outdoor enjoyment and future expansion. Providing a serene backyard oasis, perfect for gardening, entertaining, or simply relaxing in the sun to the sounds of birds. The location is equally appealing. Everyday shopping is close at hand with Shopping Centres within an easy walk, while public transport is readily accessible. Families will appreciate the selection of both public and private schools in the surrounding area, and for those commuting into the city, Hobart's CBD is approximately 3 km's or a 10-minute drive away. Combining a solid brick construction, generous accommodation, extensive storage and plenty of parking 43A Bay Road offers flexible and practical living with plenty to appeal to investors, developers and family alike. Whether you're looking for a multi-generational family home, additional space for hobbies, gardening or recreation, or simply a property that provides excellent versatility for the future, this one deserves your inspection. Contact Alison today to secure an inspection.