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Unique Waterfront Opportunity/520 Sandy Bay Road Sandy Bay TAS 7005

  • Development / Land
  • 1,556 m²
  • Commercial Auction

Generational opportunity on 'Golden Mile'

  • First-class waterfront location
  • Site Area: 1,556 sqm*
  • Significant development potential (STCA)

Knight Frank is privileged to present to the market for sale 'The Red Chapel', 520 Sandy Bay Road, Sandy Bay.

This generational opportunity is incredibly unique, comprising a land area of approximately 1,556 sqm, and two existing buildings being the Hall and 'The Red Chapel'. The site is north facing, regular in shape and benefits from the title being to the high water mark of the River Derwent. Zoned 'General Residential' and carrying an approved DA for residential use, the property presents multiple options including development of a luxury waterfront residence, a residential strata development, potential subdivision of the site, or the occupancy of a range of commercial uses (STCA).

The property is situated on the famed 'Golden Mile' within the affluent suburb of Sandy Bay and is surrounded by prestigious waterfront homes. Beaches and parks compliment the area, as well as some of Tasmania's leading private schools.

Opportunities such as this are extremely rare to market, and with the scope of potential this property has, it is certainly deserving of strong consideration by all astute purchasers.

The property is for sale by Public Auction, Friday 10 December 2021 at 11am.

For further information or to book an inspection please contact either of the exclusive selling agents.

Auction date and time10/12/2021 11:00
Auction locationUnique Waterfront Opportunity/520 Sandy Bay Road, Sandy Bay TAS
Tom Balcombe
Knight Frank - Tasmania
Tom Balcombe
Knight Frank - Tasmania
George Burbury
Knight Frank - Tasmania
George Burbury
Knight Frank - Tasmania

Property Highlights

Property ID2017397041
Floor Area476 m²
Land Area1,556 m²
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  18 Nov 2021
Map for Unique Waterfront Opportunity/520 Sandy Bay Road Sandy Bay TAS 7005
Map for Unique Waterfront Opportunity/520 Sandy Bay Road Sandy Bay TAS 7005Unique Waterfront Opportunity/520 Sandy Bay Road Sandy Bay TAS 7005
Tom Balcombe
Knight Frank - Tasmania
Tom Balcombe
Knight Frank - Tasmania
George Burbury
Knight Frank - Tasmania
George Burbury
Knight Frank - Tasmania

Property Highlights

Property ID2017397041
Floor Area476 m²
Land Area1,556 m²
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  18 Nov 2021
Knight Frank - Tasmania
5 Victoria Street Hobart TAS 7000
Tom Balcombe
Knight Frank - Tasmania
Tom Balcombe
Knight Frank - Tasmania
George Burbury
Knight Frank - Tasmania
George Burbury
Knight Frank - Tasmania
Tom Balcombe

Tom Balcombe

Knight Frank - Tasmania

George Burbury

George Burbury

Knight Frank - Tasmania

0417 *** ***
0417 979 194

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