High quality, Hobart inner city development opportunity in a market that continues to lead the nation in residential price growth and with a record low residential vacancy rate.
All of the hard work has been done with the property being sold with a brand new DA for a four level building comprising 39 residential apartments (9 x 1 bedrooms, 27 x 2 bedrooms and 3 x 3 bedrooms), plus 2 ground floor commercial units and 38 secure car parks.
The property is situated on a prime inner city corner site on the north western fringe of Hobart's CBD and within close proximity to the University of Tasmania's precinct. The property is also within easy walking distance to North Hobart's popular restaurant and cafe strip.
Opportunity not to be missed as Hobart continues to transition into a more vibrant modern city benefiting from advancing structural change. Demand for Hobart's inner city residential accommodation only going to grow stronger as the University of Tasmania relocates from its Sandy Bay Campus into the city.
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