Sold $775,000

3 BED · 1 Bath · 2 PARKING

Exceedingly rare opportunity to secure a freehold property in one of Sandy Bay’s most sought after streets, steps away from the RYCT.

This solidly built double brick home is comfortable as is and comes with a sitting tenant on a month to month lease, happy to stay longer (paying $400 pw).

The home presently offers 3-4 bedrooms, formal and dining areas, eat in kitchen, a single bathroom, additional toilet and laundry.     

Despite the ‘good bones’ of the house, the improvements do undercapitalise a prime level 412 square metre site. In short, this is an exceptional renovation/value add opportunity.

The purchaser can continue to collect rent, whilst assessing their options (STCA) :

·         Demolish and make way for a new residence.

·         Demolish and build a pair of townhouses.

·         Renovate and extend the current residence.

Nestled in alongside the Sandy Bay Bowling Club, a short level stroll to the Royal Yacht Club of Tasmania and the Derwent Sailing Squadron, Errol Flynn Reserve and just around the corner from major supermarkets and Sandy Bay’s commercial centre, this is a gilt edged position and a remarkable opportunity for investors, developers and owner occupiers alike.

Main Building Area:   162m² approximately

Land Area:                412m² approximately