On offer is a rare and exciting opportunity to acquire a significant holding of 2322sqm in the popular beachside suburb of Taroona. With a substantial family home and pre-existing development approval, you have the freedom to renovate the dwelling or develop this generous parcel of land with picturesque water views.

As a development site, this property has a planning permit to demolish the existing dwelling and build 5 units comprising 3 x 2 bedroom and 2 bathroom / 2 x 3 bedroom and 2 bathroom unit. Large parcels of land with all the administration work already done are as rare as hen’s teeth so close to the CBD, making this an appealing opportunity for the astute investor and developer.

Alternatively, the classic 1960s home that currently occupies the block displays many quintessential features of its era and is brimming with potential. Elevated, light filled and sunny with extensive glazing throughout, an open plan living and dining room overlooks the canopy of mature trees with views extending right down to the River Derwent. A galley style kitchen with good storage and a breakfast dining or study complete the living space on this level. Four double bedrooms each with built-in robe are serviced by a central family bathroom and there is also a separate laundry.

The bottom level is currently configured as a granny flat with an open plan living, dining and kitchen, bathroom and bedroom with built-in robe as well as a laundry. There is also a single garage in addition to a second double garage/workshop on the property. In good condition throughout, a sensitive renovation would see this mid-century property restored to its former glory to create a well-proportioned and contemporary home with a relaxed, coastal vibe. Better yet, even if you keep the existing home, the land size still allows you to further develop the land (STCA) should you desire.