37 Pitcairn Street, Glenorchy, TAS 7010
Glenorchy 3Kwarto Exceptional Development Opportunity & Residential or Commercial Investment in Glenorchy
Offers Over $1,100,000This is a rare chance to secure a versatile property offering unparalleled potential for land banking, residential and industrial development, or a commercial enterprise in the highly sought-after northern suburbs. With two adjoining titles, DA approval until 2026, and a location offering proximity to major infrastructure, this property stands out as an exceptional investment in Glenorchy's evolving market.
Property Highlights
Residential Front Title:
• Block Size: 642 sqm approximately
• Dwelling: 3-bedroom, 138 sqm weatherboard house
• Current Rent: $420 per week, providing immediate rental income
Industrial Rear Title:
• Block Size: 2,263 sqm approximately
• Zoning: Light industrial, perfect for a variety of commercial or industrial activities
• Access: Via the front title, with ample space for vehicle access between the dwelling and the southeastern boundary
Development Opportunity
• DA Approved Until 2026: Proposed plans are available for review, giving developers a clear path to unlock this property's potential.
• Approximate Net Income: $500,000 per annum upon development completion.
• Land Banking Potential: Ideal for investors seeking a strategic landholding in Glenorchy's rapidly growing market.
Unmatched Location Benefits
• Proximity to Key Infrastructure: Close to Glenorchy's commercial hub and Brooker Highway, ensuring seamless connectivity and accessibility.
• Prime Industrial Suitability: Situated on the edge of a secondary industrial zone, the rear title is perfect for light industrial activities or commercial enterprises.
• Residential Appeal: Located in an established residential area, making it a unique blend of residential and industrial potential.
Why This Property Stands Out
There is simply nothing of this quality available in the northern suburbs that combines residential and industrial potential with this level of flexibility. Whether you're looking to develop, hold for future growth, or establish a commercial operation, this property offers a one-of-a-kind opportunity.
Act Now
Don't miss your chance to secure this rare gem. With immediate rental income and approval in place for future development, this property is ready for you to unlock its full potential.
Contact us today for more information and to schedule a viewing.