18-20 Gepp Parade Derwent Park TAS 7009

Elders Commercial is pleased to present to the market 18 20 Gepp Parade, Derwent Park. The property is strategically located being situated only 6* kms north of Hobart's city centre with easy access to the Brooker Highway which forms part of Hobart's arterial road network.

The property provides a multitude of opportunities with two, low maintenance residential units situated at the street frontage overlooking Prince of Wales Bay, whilst to the rear is a large sealed hardstand and small warehouse available for owner occupation, letting or re-development, the choice is yours.

Property Highlights:
- Well located within the prime and highly sought after Derwent Park industrial precinct with easy access to/from the Brooker Highway
- Site area of 1,856 sqm* in two titles zoned "Light Industrial"
- Good holding income from 2 x 3 bedroom residential apartments with a current total rent of $800 pw
- Ability to owner occupy or lease the warehouse
- Significant hardstand area suitable for further development^ with a site coverage ratio of only 16%*
- Tightly held area with rare opportunity to either owner occupy or re-develop^

For Sale at Offers Over $1.4 million

^STCA
*Approximate