Be quick to grab this outstanding, affordable opportunity in one of Hobart's most in-demand beachside suburbs. For now, embrace the charm of the existing, four bedroom, seventies built home that reflects the character of the "classic bay shack" and get into the area at what is quickly becoming starting price. Extend your vision to the future potential of the 727m2 piece of land which already has the home perfectly positioned to the rear, allowing further development of a brand new, strata-titled home on the street frontage (STCA). Minimum density for multi-unit dwellings within the Kingborough Municipality require each home to have its own 325m2 of land, so this property fits within the required density standards. First home buyers should be jumping at this rare, land-bank investment opportunity.
If you're already set to go with the cash, rent out the property at approximately $460 per week during the council submission process to cover the holding costs whilst the decision is made whether to retain what's there, or create a blank slate to construct two stunning, sought-after, modern homes, both with a sunny aspect and beautiful water views. Privately located in a quiet cul-de-sac, this home sits within the highly-regarded Illawarra Primary School catchment and breathtaking Blackmans Bay Beach is an easy 600 metre walk, where you can stroll along the water's edge, swim, hike the Suncoast Track or enjoy the beachfront park and popular restaurants.
An enviable lifestyle or a money maker, the choice is yours.
This information is based on recent development activity in the area. Please contact council to confirm your own plans.
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• New kitchen
• New decking
• Enclosed wood heater
• Open fireplace
• Dishwasher
• 2 x Garden sheds
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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