Offers Over $745,000
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23-25 Gordon Street, Sorell TAS 7172

House
324
Block size: 1175 m² approx.

REDUCED! - Dual Occupancy Opportunity

With 2 existing cottages (both tenanted) PLUS Development Approval for 2 additional cottages at the rear of the property (plans available) all the hard work has been done for you - this is an opportunity not to be missed.

Development opportunities such as this are hard to come by - zoned General Business for mixed use, this 1175m2 property is perfectly located in the heart of Sorell - one of the quickest growing Tasmanian municipalities.

- Walking distance to Woolworths & Coles shopping centres, School, Banks, Chemists, Cafes, Hotels and Service Tasmania.
- 10 Minutes from Hobart Airport
- 25 Minutes from Hobart CBD
- Directly opposite park and visitor information centre.
- Gateway to the East Coast and the historical Peninsula

D.A. FOR ADDITIONAL 2 X 1 BEDROOM COTTAGES
- Plans available for viewing.
- Potential for possible holiday accommodation or
- Long term rental (mixed residential or commercial).
- Both the above rental options are in high demand, providing for a great return on investment.
- Potential weekly rental (todays market) of $700-$750 combined per week.

EXISTING 2 COTTAGES
- 2 Bedroom/1 Bathroom and 1 Bedroom/1 Bathroom.
- Currently returning $800 combined per week.
- Current tenants keen to stay on.

There is also the added option of being able to Strata the cottages (STCA) or subdivide (STCA) adding even more value to this opportunity.
For the astute investor/investor occupier progressing this development will increase the yield return substantially given the options for rental. Four cottages on the one parcel of land on the main street of Sorell - makes for an excellent investment.

Please do not hesitate to contact me for further details.

To arrange your inspection, please contact our office using the Contact Agent link on this page and we invite you to download our free App (apple and android) from the App Store. Simply search for Raine & Horne Eastern Shore. We can notify you of new listings, inspection times and price changes as soon as they happen.

All measurements are approximate and details intended to be relied upon should be independently verified. The particulars contained in this advertisement do not form any contract. While care has been taken in its presentation, no representation is made and no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Matt Carne to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
3
Bathrooms:
2
Garage Spaces:
4
Property type:
House
Block Size:
1175 *

Other Details

Volume:
1
Folio:
154366
Legal description:
154366/1
Raine & Horne Eastern Shore

Maps and area information

Block information
Block size: 1175 (approx)
Legal description: 154366/1
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Sorry, overlays are not available for this address
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Nearby sales

Looking to compare sales prices?

We found 9 houses with 3 bedrooms that just sold near 23-25 Gordon Street Sorell

What's nearby

Richmond Primary SchoolPrimary School
11.1km
Sorell District High SchoolHigh School
0.7km
Shopping CentreMajor Shopping Centre
0.3km
Sorell Post OfficePost Office
0km
Tafe - Eastern Shore CentreTafe
17.1km

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
08 Sep 2020
Sold
Raine & Horne Eastern Shore
Listed: 03/02/2020
Block size: 1175m²
Transfer type: Full transfer
28 Aug 2017
Sold
One Agency Sorell
Listed: 21/02/2017
Block size: 1175m²
Transfer type: Full transfer

Sorell suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
44 years
Population
3,597
Listing ID: 181767546. This listing has been viewed 35 times. It was first displayed on 13/07/2023 and last updated on 03/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.