"Newland" presents one of the rarest residential opportunities to come to market on Hobart's waterfront in recent years. Positioned within an exclusive foreshore enclave of Nutgrove Beach, this substantial Federation-era residence combines architectural significance, remarkable scale, and extraordinary future potential.
Constructed circa 1910 for jam manufacturer Fred Peacock, the home is recognised as an important part of a small collection of significant residences that reflect the early suburban expansion of Sandy Bay. Rich in period detail, the home displays many defining characteristics of Federation architecture, including rendered brick construction, grand bay windows, ornate timber detailing, stained glass, dormer windows, expansive verandah, and a commanding street presence.
Internally, the property retains grand proportions throughout and offers an exceptional foundation for restoration or transformation into a residence of the highest calibre. In recent years, the property has operated as a medical and allied health hub, providing flexibility for purchasers considering a variety of future uses, subject to the necessary approvals.
A valuable additional feature is the existing commercial lease associated with the small pizza restaurant operating onsite, providing holding income without compromising the integrity or future potential of the main residence. A five year lease is in place, yielding a gross rent of $57,000 per annum plus GST.
Set only metres from Nutgrove Beach and the walking tracks that line the River Derwent, the location is among Sandy Bay's most tightly held and admired. Positioned within close proximity to excellent schools, Sandy Bay Village, the University of Tasmania, and Hobart's CBD, the property offers a lifestyle opportunity of exceptional rarity.
Properties of this scale, history, and foreshore position seldom become available. "Newland" represents a unique chance to secure a landmark Federation residence within one of Tasmania's most prestigious coastal settings.
