Strategically situated just beyond the urban commotion yet close to the conveniences and local amenities of Lindisfarne Village, this captivating property offers immense potential for development and investment.

The land, with its expansive layout and prime location, presents a myriad of options for prospective buyers. The current weatherboard residence, built in 1930, while somewhat neglected, features two bedrooms, a separate living area, and a basic kitchen/dining space, with bathroom and laundry facilities at the rear. There is significant potential for reconfiguring the existing layout to optimise space and enhance the breathtaking views of the Derwent Bridge and cityscape.

Moreover, the property offers considerable potential for expansion at both the front and rear. For those considering redevelopment, the site stands as an ideal canvas, subject to Council approval, for the creation of multiple dwellings. Its remarkable and ever-changing panorama overlooking Hobart's landmarks makes it perfect for constructing top-tier townhouses or a new residence.

In essence, 120 Karoola Street offers a rare opportunity to secure prime real estate in this perpetually sought-after and esteemed locale, whether the intent is to renovate the existing structure or undertake a comprehensive redevelopment.