Elders present for sale this major medium-density development opportunity in the sought-after suburb of Kingston.

Development parcels of this scale and location are rare to market, especially ones with this level of nearby amenities, including Kingston High School, Kingborough Sports Centre, Channel Court Shopping Centre, Kingston Plaza, Kingston Town Shopping Centre and the Kingborough Twin Ovals.

The site is absolutely ripe for development with a gentle, north-facing slope, and a wide frontage to Kingston View Drive.**

Further highlights of the property include;
- Favourable ‘General Residential’ zoned land comprising 3.206 HA*
- Opportunity for a major medium-density residential development with the minimum lot size being
325 sqm for a stratum development**
- Suits alternative development outcomes including Medical, Childcare and Visitor Accommodation**
- Exceptional views of the River Derwent and kunanyi/Mt Wellington from the majority of the site
- Easy access to arterial roads, the Huon Highway, Southern Outlet and Channel Highway
- Significant existing improvements, comprising 24 rooms, hotel bar and dining facilities, a commercial kitchen
and a manager’s apartment
- One of the last large infill development sites in Kingston
- Kingston median house price of $817,000***
- Kingston’s median household weekly income is 11% higher than the Tasmanian equivalent****

The property is for sale by Expression of Interest, closing Thursday, 14 March 2024 at 4pm (AEDT)

Please contact George Burbury or John Blacklow for further information or to arrange an inspection.



*Approximate
** STCA
*** REA, 4-Bed house
**** ABS, Quick Stats, Kingston