This block of land is located in the last sub division of Mt Stuart. Five minutes from popular North Hobart, walking distance to Mt Stuart Primary school, a recreation ground and ten minutes to the city centre. This is a well established area and you are surrounded by prestigious homes.
This large block of 1612m has sweeping views down the river to the Bowen Bridge and across to Mt Direction, and backs onto Mt Stuart Reserve with views to Mt Wellington. Located on the topside of the road, with two houses at the side and bush and tree line at the back, this creates privacy and the natural surroundings of the bush and trees: a clean, green feeling.
With a sunny aspect there is huge potential to build two houses or 3 town houses. This is a unique opportunity for a developer to acquire land so close to the city centre. It is not often that such a large allotment comes available in the early city surrounds.
Two years ago planning permission was obtained from the city council to sub divide the block into two, the planning permit has now expired. So the opportunity is to build one house and create another block for sale, gaining fantastic return for your outlay.