Positioned within one of Sandy Bay’s prestigious and tightly held pockets, this substantial 692m² parcel of land presents an increasingly rare opportunity to create a home of your own design in one of Hobart’s most sought-after residential locations.

With a north-easterly aspect and the potential to capture sweeping views across the River Derwent, the site provides an exceptional canvas for a thoughtfully designed residence that embraces its outlook, natural light and enviable position.

Adding further appeal, the property already benefits from a substantial existing retaining wall and established fencing, together with water and electricity services in place. These existing improvements provide a valuable head start and have the potential to reduce the expenditure and work ordinarily associated with preparing a vacant site for construction.

For those with a development vision, or want to take advantage of the latest negative gearing rules the property may also offer the potential to construct two townhouses, subject to Council approval, providing an appealing proposition for investors or developers seeking opportunities in a tightly held Sandy Bay location.

Located just moments from Sandy Bay Road and the shores of the River Derwent, the position offers an enviable balance of convenience and lifestyle. The CBD, renowned private and State schools, beaches, restaurants, cafés, providores and the many attractions that define Sandy Bay living are all within easy reach.

The property also benefits from dual access, with an additional entrance via Buchanan Lane, offering added convenience and flexibility for future development.

Quality land in such a tightly held Sandy Bay location is becoming increasingly difficult to secure. For those seeking the opportunity to build a bespoke residence in a prestigious setting, this is a property with genuine appeal, combining position, aspect, existing infrastructure and significant future potential.