56 Clydesdale Avenue Glenorchy TAS 7010

Elders Commercial is pleased to present Units 1-19, 11 Flamenco Circle & 56 Clydesdale Avenue, Glenorchy - an exceptional offering combining a secure income-producing residential investment with a highly sought-after development opportunity in one of Tasmania's strongest growth corridors.

The offering is available to purchase in one line or as separate titles, providing flexibility for investors, developers, and owner-occupiers alike.

Key Features Include:
Fully leased residential investment - 19 modern strata-titled units generating a Gross Income of $616,460* per annum (as at May 2025).
Immaculate presentation - The existing development is in outstanding condition and professionally managed by an experienced property management team.
Immediate capital recoupment - Option to sell down units individually, offering instant cash flow.
Subdivision approval in place - 56 Clydesdale Avenue is approved to be split into two titles, creating further flexibility, and staging opportunity.
36-unit development scheme - Preliminary plans for a medium-density residential project, with potential for increased yield (STCA).
Staged development potential - The approved subdivision allows for a phased development strategy.
Strategic location - Only 10 mins from Hobart CBD, close to major retail, transport, and essential services.
Strong housing demand - Glenorchy is experiencing unprecedented demand for residential dwellings, making this an ideal development site.
Government incentives - New units will be priced to qualify for the Tasmanian Government's My Home Shared Equity Scheme, ensuring broad market appeal.
Depreciation benefits - Recent construction (circa 2018-2019) provides likely strong tax advantages for investors.

This is a rare opportunity to acquire a dual-income, high-growth asset in a prime residential precinct with flexible exit strategies and immediate development upside.

For Sale by Expressions of Interest closing Thursday,10th April 2025 at 4pm (AEST).

Please contact George Burbury or Richard Steedman to discuss further or to arrange an inspection.

*Approx