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SOLD

345 Sandy Bay Road, SANDY BAY, TAS 7005

Properties / Sold / Tasmania / Sandy Bay

Development Approved

1. Property Summary

Property Type

Residential

Land Area

556 m² (*approx)

Zoning

Residential

Local Government

Hobart City

Selling Method

EOI: Expressions of Interest

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2. Property Highlights

DA for 7 luxury apartments on the "Golden Mile"

Prestige residential location
Recent DA for 7 luxury apartments
River Derwent & park views

A rare opportunity to purchase an outstanding development opportunity on Sandy Bay's prestigious "Golden Mile".

The hard work has been done with a recent DA approval for 7 apartments over 4 levels, comprising 1 x 4 bedroom penthouse, 2 x 3 bedroom and 4 x 2 bedroom apartments plus 10 secure basement car parks.

The existing property has strong holding income comprising three apartments currently all leased, made up of a 4 bedroom apartment on each of the upper two levels and a 1 bedroom apartment on the ground floor plus parking.

The property is extremely well located on the much sought after Sandy Bay Road, and enjoys extensive water and park views.

With Hobart's prestige residential market going from strength to strength, this is an opportunity to be strongly considered.

The property is For Sale by Expressions of Interest closing 25 August 2022 at 4pm AEST.

Remember to mention you found this property on DevelopmentReady

Property Type

Residential

Land Area

556 m² (*approx)

Zoning

Sourced by DistrictData

Residential

Local Government

Sourced by DistrictData

Hobart City

Selling method

EOI: Expressions of Interest

2. Property Highlights

DA for 7 luxury apartments on the "Golden Mile"

Prestige residential location
Recent DA for 7 luxury apartments
River Derwent & park views

A rare opportunity to purchase an outstanding development opportunity on Sandy Bay's prestigious "Golden Mile".

The hard work has been done with a recent DA approval for 7 apartments over 4 levels, comprising 1 x 4 bedroom penthouse, 2 x 3 bedroom and 4 x 2 bedroom apartments plus 10 secure basement car parks.

The property is extremely well located on the much sought after Sandy Bay Road, and enjoys extensive water and park views.

With Hobart's prestige residential market going from strength to strength, this is an opportunity to be strongly considered.

The property is For Sale by Expressions of Interest closing 25 August 2022 at 4pm AEST.

Remember to mention you found this property on DevelopmentReady