Knight Frank is pleased to offer for sale 165 Redwood Road, Kingston – a DA approved residential development opportunity.
The property is located approximately 15 minutes south of Hobart’s CBD, only minutes from the Kingston commercial precinct and has outstanding northern views of Mt Wellington / Kunanyi. The site occupies 4,528 sqm* of land and includes holding income from the existing 4 bedroom, 2 bathroom dwelling.
The property provides the opportunity to purchase a site with a current DA for a further 7 generously sized, single level freestanding residential dwellings. Under the current approval the existing house remains, totaling 8 dwellings on the site once completed. Building Approval documents are well underway should the new owner wish to develop as designed.
Due to the size of the site, under the current planning scheme there is potential for greater density on the site (STCA).
With residential dwellings currently achieving unprecedented prices, this DA approved offering should be strongly considered by all genuine developers.
For Sale by Expressions of Interest closing 28 July 2022 at 4:00pm AEST
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