44 Cross Street, New Town TAS 7008

Located in the heart of one of Hobart's most desirable and high performing suburbs is this unique opportunity to restore and or develop.

Occupying part of the title is a 405 sqm character home that has been separated into three 2-bedroom units and one, 1-bedroom unit. These units do require some restoration to be at a standard to lease out but the opportunity to receive passive income and explore further development on the title is advantageous.

The recent subdivided title now boasts a land plot of 1200 sqm with required width at the side access and favorable ‘inner residential' zoning to explore the possibility of multiple dwelling development at the rear.

For the character home lover, a full restoration of the original homestead would provide a commanding and substantial primary residence with endless potential.

Demand to purchase and rent within the suburb is high and opportunities of this nature are rarely offered to the public market.

We anticipate strong interest in this property, and we welcome your call to discuss in finer detail or arrange a private inspection.

Expressions of Interest closing on or before 4pm, 6 February 2020