Prime Development Opportunity on a Massive 1745m² Allotment
The opportunity to secure your stake in the booming Meander Valley property market starts with this strategic acquisition at 69 William Street, Westbury. Sitting on a flat, expansive 1745m² block, this property represents a rare opportunity for developers and savvy investors to capitalise on the region's demand for housing.
With nearly half an acre of land, the site offers significant scope for further development (S.T.C.A.). The sheer size and layout of the block make it an ideal candidate for either a subdivision, retaining the existing dwelling and subdivide the rear, unit development, constructing multiple dwellings/villas to meet the high rental demand in Westbury or even just to hold a substantial asset in a high-growth corridor with solid capital appreciation potential.
While you plan your project, the existing residence provides an immediate rental stream. The solid 1955-built home features a practical 101m² floor plan with three bedrooms and one bathroom. It is a sound property and would be easily tenantable, ensuring the property pays its way during the planning and approval phase.
The town of Westbury is fast becoming a preferred satellite hub for Launceston (approx. 20 minutes away). With easy access to the Bass Highway, local amenities, and village infrastructure, this location appeals to commuters and downsizers alike, ensuring strong resale value for any future development.
At a glance:
• Land Size: 1745m² (approx.) flat, usable land.
• Zoning: General Residential (Check local council overlays).
• Access: Excellent side access potential for rear development.
• Existing Asset: 3-bed, 1-bath home suitable for rental.
• Plenty of sheds for storage
• Parking: Ample off-street space for heavy machinery or tenant parking.
Don't miss this chance to unlock the value of one of Westbury's largest available residential blocks.
Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements and boundary lines are approximate.
