Redevelopment, Investment or Accommodation Opportunity

A rare opportunity to secure a substantial landholding with significant residential redevelopment potential, while benefiting from an established accommodation facility already in place.
Currently configured across two buildings and an additional development site, the property offers immediate holding income and multiple future pathways, including residential redevelopment (STCA), repositioning or continued operation.
With strong underlying land value, this is an outstanding opportunity for developers, investors, community housing providers and owner-occupiers seeking a property with genuine upside.

Key Property Highlights

+ Significant residential redevelopment opportunity (STCA).
+ Substantial landholding with existing improvements providing immediate holding income or accommodation use.
+ Approved subdivision into three separate lots by Glenorchy City Council, providing flexibility for staged redevelopment or resale.
+ Existing improvements accommodate approximately 18 residents, offering an immediate community housing or supported accommodation opportunity.
+ Well suited to residential, medium-density or specialised accommodation outcomes, subject to the necessary approvals.
+ Located within an established residential precinct benefiting from ongoing population growth and increasing housing demand.

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