This exceptional property offers an impressive combination of development potential, investment opportunity, and practical living - all set on a sprawling 5,209m² block across two titles. Perfectly positioned in the sought-after suburb of South Launceston, it caters to a wide range of buyers, from developers and investors to those seeking a spacious lifestyle property close to the city. With approvals and plans in place, this is your opportunity to bring these thoughtfully designed units to life and meet the strong demand for quality modern homes in the area.
Existing Infrastructure
Main Residence: A charming four-bedroom, three-bathroom home located at the front of the property, offering comfortable family living or immediate rental income potential.
Key Features:
• Development opportunity with the neighbouring property, which is currently on the market separately.
• Substantial 5,209m² site with DA approval already secured for four units.
• Approved plans include four contemporary three-bedroom homes, each featuring two bathrooms, a double garage, and private balconies designed to capture scenic views over Newstead and the mountainside.
Other Information:
• Current Lease: $580 p.w. (Leased until 13/08/27)
• Council Rates: $2,168 p.a.
• Water Rates: $1,589 p.a.
• Zoning: General Residential, Low-Density Residential.
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property ID: #L37212290
