2/47 Orana Place, Riverside, TAS, 7250

Council Approved 11-Unit Subdivision Site Elders Launceston has the exclusive opportunity to offer for sale this appealing parcel of residential land, prime to be developed for a high-density residential unit development. The property currently comprises two titles, an existing unit on a 692 sqm parcel of land and a vacant lot of some 7,058 sqm containing 11 approved unit sites (PA2024357). The property is situated on the top side of Orana Place in Riverside and benefits from elevated views overlooking the Tamar River and surrounds. Presenting an opportunity to purchase in-one-line or each strata title separately, don't miss your opportunity to secure this in-fill development site in a blue-chip residential location. An additional point of distinction is the unique opportunity to also purchase the neighboring property... a high‑quality investment property in one of Riverside's most sought‑after locations, this fully renovated and elevated brick home offers immediate income with a secure lease in place until June 2027 at $510 per week.