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2. Property Highlights

Welcome to 43 Russell Road

Ray White Hobart are proud to present 43 Russell Road, Claremont; a 76 strata title, 8 stage development approved property along with an existing 4 bedroom home.

The site is zoned both 'General Residential' (4ha Strata development) and 'Landscape Conservation' (13ha Existing 4 bedroom home). Approved for for seventy-six strata title dwellings, comprising of 52 x 3 bed and 24 x 2 bed units with carport or lockup single garage within the General Residential zone.

The existing four bedroom dwelling at 43 Russell Road, Claremont was built in 1965. The private property has been used for private use with horses etc. Sitting on approximately 13.1 ha and zoned landscape conservation with the development application proposing a change to visitor accommodation. Once complete it is suggested the parcel be added to the strata application ie 1/43 Russell Road, Claremont. The dwelling is currently being tenanted at $2000 per month and also comes with the addition of a Telstra Tower lease of $11,500 per annum. The sales appraisal sits at approximately $950,000.

13.1ha - Zoned landscape conservation give the Incredible opportunity to add significant value to the purchaser with permitted uses (STCA) under the Tasmanian Planning Scheme including; Short-stay accommodation (or visitor accommodation) and Tourist operations, small-scale food service (cafes/restaurants). Just 5km from MONA, this elevated, level large space has the potential for a significant tourism operation.

Full development information can be provided by request.

Remember to mention you found this property on DevelopmentReady

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3. Property Location

43 Russell Road, Claremont TAS 7011

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4. Due Diligence

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43 Russell Road, Claremont TAS 7011 Claremont
Ray White Hobart
Ray White Hobart
Ground Floor T1 - 62 Patrick Street Hobart, TAS 7000
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