107 Derwent Avenue, Lindisfarne TAS 7015

With sweeping views over the mountain, river, city and bridge and with an approved DA for two townhouses, this fantastic development opportunity is an absolute no brainer. The risk has been taken away by the current owner with two very generous and luxurious townhouses being approved by the council whilst retaining the original, and surprisingly spacious 1950's weatherboard home. The very well designed and thoughtful set of plans are available upon request and make this a rare opportunity to start building quickly and make the most of the high demand for new townhouses in this area at present.

The land is a gently sloping allotment of 1335m2 and benefits from a stunning panoramic outlook and an ideal locale, just a short walk to Lindisfarne Village, the waterfront, schools, shops and cafes.

The existing dwelling is currently rented until July at $550 per week allowing an income stream from settlement. The home is very neatly presented and features a large open plan living space with an adjoining modern kitchen with quality appliances. Flowing off the living space is a large deck, bathed in sun and ideal for entertaining.

Accommodation is provided by three large bedrooms the master with a huge walk-in robe and the home is serviced by a family bathroom with bath, shower, and separate toilet.

The is a terrific opportunity for developers and builders to take advantage of a no-risk development opportunity in the perfect location for premium townhouses as well. Of course, the home itself could also be extended or further renovated and a large family abode on an block of this size would be something quite special as well. For a copy of the DA approved plans or for a discussion around potential resale of these dwellings once completed, please get in touch.

- Fantastic development opportunity on 1335m2 in premium location
- DA approved plans for two townhouses whilst retaining the current home
- Luxurious and perfectly designed homes by Pinnacle
- Gently sloping block with stunning city, mountain, and river views
- Very neatly presented and spacious three bedroom home
- Modern kitchen and open plan living
- Large sundeck and great easy care yard
- Reverse cycle heat pump
- Currently rented until July at $550 per week