151 Chapel Street, Glenorchy, TAS 7010

Situated in the vibrant and rapidly growing suburb of Glenorchy, this property presents an exceptional residential development opportunity. The level allotment comes with a building permit for the construction of a new 3-bedroom, 1-bathroom dwelling, making an ideal investment for developers seeking rental income during construction.

With a lease in place until December 2025, the existing art deco home, originally built in 1954, has been tastefully renovated within the last three years, boasting a spacious modern open plan living, dining, and kitchen that seamlessly connect to a sunny timber deck through sliding doors. The floorplan comprises three generously sized bedrooms, a European laundry, and a contemporary bathroom, providing a comfortable and stylish living space. The home has recently had a complete re-wire, new roof and reverse cycle air-conditioner.

Glenorchy is a dynamic suburb just north of Hobart, known for its cultural vibrancy. Its close proximity to the world-renowned Museum of Old and New Art (MONA) offers residents easy access to one of Tasmania's top cultural attractions. Beyond the arts, Glenorchy offers local amenities from shopping centres and excellent public transport to nearby schools and healthcare services, making it a well-rounded and inviting place to call home.