This offering represents a rare opportunity to purchase a prime piece of real estate in the heart of Sandy Bay shopping precinct with enormous potential for development.

This site is located on the North Eastern side of King Street and is an internal allotment of 845 square metres and is strategically positioned approximately 100 metres from Sandy Bay Road and immediately adjacent to Woolworths etc.

A major benefit, apart from being strategically positioned, id the fact of the current site and improvements considered as “under developed”, which enhances the opportunity for redevelopment to its optimum use.

Zoning of the property is “local service” which allows for discretionary uses such as residential and multiple dwelling development, self contained visitor accommodation, shopping, restaurants, professional rooms and offices and as a consequence presents many potential income stream opportunities.

Improvements on the property comprise a meeting hall of brick construction with timber flooring & roof truss framing with approx. 3 – 4 metre clearance. The building has 3 access points, amenities and a kitchen. Building area is 200 square metres. Also constructed on the site is a timber and colorbond building with mezzanine and storage areas with a floor area of approximately 84 square metres.

A right of way is also on the title and provides a benefiting easement in favour of adjoining properties with frontage from King Street (on Eastern boundary) and Sandy Bay Road. It is also noted that Aurora Energy has a right of way over the entire driveway portion of the land on and including a 90 degree access on the title to a freehold site utilised as a substation.

Currently the property is owned by Scouts Australia (Tasmania Brach), 10th Hobart Scout Group who utilise the premises for their meetings and activities and also leas / rent several car parking spaces on a monthly ongoing basis. The scouts plan to amalgamate their resources to an alternate site in Sandy Bay.

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