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43 Russell Road, Claremont TAS 7011

Name: 43 Russell Road, Claremont TAS 7011
Address: 43 Russell Road TAS, Claremont, TAS, 7011
Telephone: +61 403 179 666

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43 Russell Road, Claremont TAS 7011

Properties / Buy / Tasmania / Claremont

Development Approved

1. Property Summary

Property Type

Residential

Sub Type

Units, Land Site

Land Area

17.34 hectares (*approx)

Selling Method

For Sale: $2,000,000

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2. Property Highlights

Mortgage Sale

The new vendor has given specific directions to sell this incredible development opportunity now.

With extended settlement terms negotiable, this opportunity is too good to pass up.

- Development approved for 76 new dwellings across 4ha of Gen Res zoned land

- 8 stage strata development

- Existing 4 bedroom home on 13.1ha of landscape conservation zoned land

- Telstra Tower lease (Lease sale offers waiting for the purchaser at $170k-$200k)

The existing four bedroom 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 home appraisal sits at approximately $950,000.

13.1ha - Zoned landscape conservation gives 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.