Development potential, investment or first home

Located in the popular suburb of Moonah and under 10 minutes' drive to Hobart CBD, this 726m2 property provides a great development opportunity for the savvy investors and developers (STCA), with the potential to purchase not just one but two properties, with the adjacent 376 Brooker Highway also listed for sale (combined allotment of 1,442m2 approximately). <br/><br/>This property could also be the ideal starting place for a first home owner ready to break into the market. <br/><br/>Well-presented and recently renovated, this three-bedroom weather board home is located on a large and level parcel of land with wide driveway access.<br/><br/>The home features recently polished Tasmanian Oak floorboards, fresh interior paint, a modernised kitchen and new bathroom with separate toilet. <br/><br/>Stepping outdoors there is an undercover space perfect for summer time which leads out to a large securely fenced backyard also with the added convenience of a single car garage. <br/><br/>Currently tenanted, the property is returning $600 per week until February 2022.<br/><br/>Benefiting from general residential zoning and no registered easements, this low-maintenance and affordable property would make a comfortable future home, ideal investment property or intelligent development opportunity (STCA).<br/><br/>• Easement free 726m2 property<br/>• Renovated kitchen and bathroom<br/>• Currently tenanted at $600 p/w until Feb 2022<br/>• Scope for future multi-dwelling development (STCA)<br/>• Polished Tasmanian oak flooring<br/>• Freshly painted with neutral tones throughout<br/>• Three great size bedrooms<br/>• Ample off-street parking as well as single garage <br/>• Close to local shops and public transport<br/>• Less than 10 minutes to Hobart City<br/><br/>Construction: Weather board <br/>Roof: Galvanised iron<br/>Heating: Heat pump <br/>Annual Council Rates: $1,700 approximately<br/>Annual Water Rates: $1,000 approximately<br/><br/>Get to know Moonah<br/>The northern suburb of Moonah is a short 10-minute drive from the Hobart CBD. This buzzing suburb offers stores for everyday needs to occasional purchases with amenities close to your doorstep. The area is primarily flat, with the hills and mountains lining the horizon and is a popular area for people looking for their first home or to purchase an investment property.