The dimensions of this awesome allotment, measuring in excess of 3,200 sqm (over 3/4 of an acre), are arranged over two titles. It is strategically located in a pocket of Invermay where the appeal of the period homes is matched by the attraction of suitability for commercial activity.
This rewarding property and its classic Federation era residence, originally built c1908 for Captain Panton, illustrate the point perfectly.
The three bedroom brick home, which is ready for renovation is accompanied by land that, although zoned General Residential, offers the advantage of Existing Use rights relevant for trailer hire/transport depot/manufacturing purposes (STCA). The option to occupy a home that you've renovated to your own taste and to pursue business success of your own preference all on the same site is entirely enticing.
Multi unit re-development scope can also be considered (STCA), free from planning scheme requirements for double storey construction due to the site's elevated setting a significant asset.
Alternatively, undertake a landscaping project to enhance the home and enjoy what may well be the biggest back garden in Invermay!
The location is defined by its proximity to Invermay Primary School, the Star Theatre, Swamp Café, Manu Bakery, the Inveresk UTAS campus and UTAS stadium.
77 Mayne Street, Invermay incorporating dwelling on 1,755 sqm or thereabouts at $725,000.
79 Mayne Street, Invermay incorporating a vacant allotment of 1,482 sqm or thereabouts at $375,000.
