Harrison Agents is pleased to present this opportunity to secure an exceptional development site.
Development in Launceston is at fever pitch, with many townhouses & unit projects recently or currently selling.
The possibilities at 66 Forest Road for a development such as that. Are not only rare but would arguably be one of the best Launceston.
Likely to appeal to a townhouse developers without discounting childcare, medical, aged care or simply a large single or multiple house site (all STCA) The current early 1900s building has been converted into 4 flats. Returning $715per week, 3 flats with ongoing leases in places.
Key Property Features:
Land Area: 5883m2 (approx)
Breathtaking views of Launceston City, Tamar River & beyond.
Established location with a scarce supply of development opportunities in the area
Current estimated rental return of $35,900 PA
Immediate access to West Tamar Highway (1000 metres*)
Potential for a range of residential (STCA)
Zoning: General Residential (10.0)
Extensive street frontage onto Forest Road
This is an outstanding opportunity for developers to deliver a landmark development in one of Launceston's most picturesque residential suburbs.
