The approval is in place, the engineering drawings are done, and the rent is already coming in. This 2,861 m² (approx.) residential site is ready for its next chapter, whether that's a full development, a smaller subdivision, or a renovation project with land to spare.
The approval
- Development approval for 8 villa-style units
- One shared concrete driveway off Clara Street, with 19 on-site car spaces
- Each unit has its own private, fenced yard
- Full civil and hydraulic engineering drawings prepared, covering the site layout, driveway, stormwater, sewer and water
Holding income while you plan
The existing 3-bedroom, 1-bathroom home is currently tenanted, giving you income from day one while you finalise finance, builders and timing.
More than one way forward
- Develop: build out all 8 units under the current approval
- Subdivide: keep the existing house tenanted, and subdivide the rear land to create additional lots (STCA)
- Hold: the existing house is currently tenanted with long term tenants
Location
Walking distance to the local primary school and a short drive to the Ulverstone town centre, beaches and the Leven River, with easy access to the Bass Highway for Devonport and Burnie. It's a location with steady demand from families, downsizers and renters, which supports the finished product.
DA plans and engineering drawings are available on request.
Disclaimer:
*4front Real Estate has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. *
