Mount Nelson

512 & 514 Nelson Road

House
Expression Of Interest
9
4
8

Development Potential (STCA)

Approximately 10 minutes south of the Hobart CBD a rare development opportunity (STCA) can be found.

The site is significant, comprising 2.4 ha (approx.) of land across two titles, with access from both Mount Nelson Road and Lalwinya Avenue.

With three existing dwellings in situ, there is the added potential to generate multiple income streams whilst lodging plans for subdivision.

• 512 Nelson Road – 4brm, 2bth house + 2brm, 1bth unit = $1,200 rent per week
• 514 Nelson Road – 3brm, 1bth house = $570 rent per week
• Excellent location, 6km from the city & Sandy Bay shopping precinct
• Nearby UTAS, schools, public transport, parks, reserves & beaches

This opportunity is rare to market, and with residential dwellings currently achieving unprecedented prices, this offering should be strongly considered by all genuine developers.

512 Nelson Road
Built: 1960
Construction: Weatherboard
Heating: Heat Pump & Wood
Council Rates: Approx. $2,500 pa

514 Nelson Road
Built: 1953
Construction: Weatherboard
Heating: Wood heater
Council Rates: Approx. $1,900 pa

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Property Information

Year Built
1960
Land Area
2 ha approx
Floor Area
290 sqm approx

Parking

Off Street Spaces
8

Documents

Contract Tips Buyers Declaration 512 - Floorplan 514 - Floorplan Contract of Sale