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Fully Approved 11-Unit Development Opportunity

Elders Commercial Tasmania is pleased to offer for sale an exciting residential development opportunity in the rapidly growing community of George Town, one of Northern Tasmania’s established coastal townships.

The property benefits from a current Development Approval (DA) for an 11-unit residential development, providing incoming purchasers with an opportunity to capitalise on an established development pathway, cost-effective low-rise architectural design, and with approval risks already resolved.

Key Property Highlights:
- Council approval for an 11-unit residential development with a mix of 1, 2 and 3-bedroom units and villas.
- General Residential zoning offering flexible development opportunities (STCA).
- Positioned within George Town’s central precinct, in walking distance to the Town Centre and Tamar River waterfront.
- Located adjacent to a recreational reserve with convenient access to beaches, parks and local amenities.
- Affordable entry point with attractive residential development potential for future sale or high yield rentals.
- 45 minutes to the City of Launceston with ground and air transport links.

Please contact one of the listing agents for more information.

Features

General Features

  • Land Area: 3,392 sqm
  • Commercial Type: Land/Development
  • Building Area: 1sqm
  • Zoning: General Residential

Can I afford Lot 1 Franklin Street?

Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.

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Lot 1 Franklin Street, George Town, TAS, 7253