Historic Bellerive building offered up for $1.45m

This impressive and historic property has had many uses over the years.

Previously, this 1930s brick home was a mental health service. More recently it was used as office spaces and zoned as a “general business”.

However, now this incredible building is in the process of a modern transformation.

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With concept design plans prepared by an architect and approval in place for a six-apartment remodel, the opportunity to invest in this business venture is at hand.

The goal is a high-end finished product offering short- or long-term accommodation. Rental assessments are available from the listing agent.

The Bellerive property sits in a fantastic location.

It features characteristics of an inter-war Gothic government building, such as double-hung windows, parapeted gables and lintels over the windows.

This property was originally built to replace the adjacent police station and has been a landmark in Bellerive for almost 90 years.

It is located minutes from the quay, restaurants, cafes, bakeries and a grocer.

From this building there are flat, easy walks along the picturesque waterfront with views of the River Derwent and Mt Wellington. Bellerive Beach is just around the corner.

The property has Neat and tidy interiors.

No.13 Cambridge Rd, Bellerive is priced at $1.45 million-plus, and is listed with Harcourts Signature.

Bellerive’s residential market has been strong over the past year with 20.8% growth in median house prices and 28.8% growth in the unit market, per CoreLogic.

There were 65 houses and 36 units sold in the 12 months to November 2018.

On average houses changed hands after 12 days on the market while units averaged 13 days.

This article from The Mercury originally appeared as “Historic Eastern Shore building awaits transformation”.