Immediate Income with Future Potential
3 BEDROOMS | 1 BATHROOM | APPROX. 259 SQM | COMMERCIAL ZONING
Commercially zoned and currently used as a residential home, 50 Derwent Park Road presents a versatile investment opportunity within one of Greater Hobart's most established commercial and light-industrial precincts. Set on an approximately 259 sqm allotment, the property comprises three bedrooms, one bathroom, a private backyard.
The property is currently tenanted, providing immediate holding income while the purchaser considers its longer-term potential.
Development Potential
Its commercial zoning and prominent Derwent Park Road position may provide scope for future commercial us or redevelopment, subject to all relevant planning and statutory approvals.
Key Features
* Commercially zoned property
* Approximately 259 sqm landholding
* Currently leased, providing immediate holding income
* Private backyard
* Prominent Derwent Park Road position
* Established commercial and light-industrial precinct
* Convenient access to Moonah, Glenorchy and Hobart CBD
* Shared driveway
* Potential for future commercial use or redevelopment, subject to all relevant approvals
Approximately
Council rate: $1,995 p.a
Water rate: $ 1,099 p.a
Land tax: $2,548 p.a
Whether retained as an income-producing investment or secured for its longer-term commercial potential, this property offers flexibility in a tightly held location.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers should make their own enquiries and seek independent advice regarding the existing tenancy, zoning, permitted uses and development potential. Any proposed use or development is subject to approval by the relevant authorities.
