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345 Sandy Bay Road, SANDY BAY, TAS 7005

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345 Sandy Bay Road, SANDY BAY, TAS 7005

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

Read More

1. Property Summary

Property Type
Residential
Land Area
556 m² (*approx)
Residential
Local Government
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 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

Read More

3. Property Location

345 Sandy Bay Road, SANDY BAY, TAS 7005

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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345 Sandy Bay Road, SANDY BAY, TAS 7005 Sandy Bay
Elders Tasmania
Elders Tasmania
5 Victoria Street, Hobart, TAS, 7000
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