7 Montrivale Rise

Positioned in the prestigious and tightly held suburb of Dynnyrne, this is an exceptional opportunity to secure a substantial parcel of land just moments from the city while still enjoying a peaceful semi-rural lifestyle. Set within the sought-after new subdivision of Montrivale Rise and elevated on the high side of the street, this expansive 1,605sqm (approx.) sloping allotment captures truly breathtaking panoramic views across the Derwent River and kunanyi/Mount Wellington a spectacular outlook that must be seen to be fully appreciated. For the astute developer or investor, the property previously had approval for four townhouses (STCA), presenting exciting future potential. The previous approval has now expired, offering purchasers the flexibility to explore new possibilities subject to council approval. Alternatively, this outstanding block provides the perfect canvas to create your dream family home, with ample space for children and pets to enjoy in a tranquil natural setting. First home builders may also be eligible to take advantage of the First Home Owner Grant (subject to eligibility). Ideally located just 1km from South Hobart and Sandy Bay shopping precincts, approximately 3km from the University of Tasmania and the Hobart CBD, and only a short stroll to the beautiful Waterworks Reserve, this is a rare lifestyle opportunity in one of Hobart's most desirable locations. Large 1,605sqm (approx.) sloping allotment Elevated position with spectacular river and mountain views Opportunity to build your dream home Previous townhouse approval for four dwellings (STCA) Prestigious and convenient city-fringe location Close to schools, shops, UTAS and Hobart CBD Land Size: Approx. 1,605sqm Council Rates: Approx. $3,450 pa Fixed Water Rates: Approx. $1,000 pa