Premium Development Parcel in Established Waterfront Precinct
Opportunities of this scale in Bellerive are becoming increasingly rare. Positioned on a substantial 2,097sqm parcel in an elevated, blue chip pocket, 9 Hill Street presents a genuine development opportunity with strong upside for builders and investors looking to deliver quality multi dwelling projects in a proven location.
The site captures sweeping views across the River Derwent and towards Mount Wellington, a feature that will directly enhance end values for future dwellings. Surrounded by established homes and quality residences, the setting provides confidence for a well designed townhouse or unit development, subject to council approval. The block size, orientation and elevation create flexibility in design, allowing developers to maximise view corridors, privacy and resale appeal.
Currently positioned on the land is a solid brick residence of approximately 122sqm, with garage and carport accommodation. While comfortable and well maintained, the true value lies in the landholding itself. The existing dwelling offers flexibility, whether retained for holding income while plans are finalised, or cleared to unlock the full potential of the site.
Bellerive continues to experience strong buyer demand, particularly for new low maintenance dwellings close to the waterfront, village precinct and Hobart CBD. With limited large scale land available in established streets, this property represents a rare chance to secure a project ready opportunity in a tightly held suburb with consistent sales performance.
• Expansive 2,097sqm allotment in established Bellerive • Elevated site with water and mountain views • Strong surrounding resale evidence supporting new builds • Ideal for townhouse or multi unit development, STCA • Generous frontage and flexible site layout options • Existing three bedroom home for holding income potential • Quiet residential street with quality neighbouring homes • Minutes to Bellerive Village, cafes, marina and beach • Easy access to Hobart CBD via the Tasman Bridge • Rare large scale development opportunity in a blue chip location
Year Built: 1954 Construction: Brick Annual Water Rates: $1,200 approx.. Annual Council Rates: $3,000 approx.
