This substantial parcel of over 4,350 sqm of land offers a significant and rare opportunity to acquire a very large, vacant site that is barely five minutes from the Hobart CBD and within walking distance of the South Hobart shopping and cafe precinct, Sandy Bay shops, several schools and the University of Tasmania.
Services across the block have been upgraded to a standard suitable for AT LEAST four dwellings and with adjoining medium density developments in existence, the precedent may have been set for a greater number still (STCA).
The possibility also exists to acquire the adjoining property at number 2 Romilly Street (see separate web page) which comprises a five bedroom brick residence of 285 sqm on a parcel of 2175 sqm of land. Acquisition of both parcels would provide a consolidated block of over 6500 sqm with even greater potential for development and capitalisation.
