1 Corvalis Lane Cambridge TAS 7170

Knight Frank is pleased to offer to market for sale Stage 1 of Corvalis Lane, Cambridge, developed and constructed by Direen Homes, one of Hobart's leading building companies.

Stage 1 consists of 6 concrete tilt slab warehouses ranging from 301 379 sqm (approximately) inclusive of reception, amenities and mezzanine office space. Each unit is complimented by 2-3 car spaces appropriate for staff or customers.

Upon completion the strata unit development will occupy a dominant position on Corvalis Lane capturing all passing traffic from Cherokee Drive and is conveniently located in proximity to the Tasman Highway and Hobart International Airport.

Investors should expect a net rental for units 1-6 in the vicinity of $55,000 to $75,000 per annum. Completion of Stage 1 is expected to be October 2023 with titles issued shortly thereafter. Stage 2 titles are planned to be issued in April 2024.

For Sale by Offer.

*Approx