Information Memorandum

Page 1

Maylands Lodge 40 SWANSTON STREET, NEW TOWN, 7008 INFORMATION MEMORANDUM FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 12PM (AEDT) MONDAY THE 13 TH OF DECEMBER.

EXECUTIVE Summary

For sale by expressions of interest closing 12pm (AEDT) Monday the 13th of December.

ADDRESS:

22A Princes Street, Sandy Bay, Tasmania 7005

BUILDING:

The charming 1904-built church is filled with all the period features you would expect including stained glass window and exposed timber beams in the incredible high ceilings.

LAND:

The property sits on a level allotment of 1,276 sqm (approx.) in the heart of premium Sandy Bay. The land offers potential for stunning river views from the second level and is just a stroll to Sandy Bay shops, cafes, and all essential services.

Site Area 1,276 sqm

Building Area 432 sqm

Zoning Zoned ‘Inner Residential’ under the Hobart Interim Planning Scheme 2015.

Method of Sale Expressions of Interest closing 13th December, 2021.

INVESTMENT Highlights

SUPERB, UNIQUE CHARACTER DWELLING.

PREMIUM NEW TOWN LOCATION.

MULTIPLE AVENUES FOR DEVELOPMENT (STCA).

CLOSE TO CBD, UNIVERSITY AND THE WATERFRONT.

TASMANIAN ECONOMIC Summary

For the 7th quarter in a row, Tasmania remains the best performing economy in the country. Commsec – State of the States October 2021 Economic Performance Report

The number of Tasmanians employed is at an all time high.

Peter Gutwein, Press Release, 14/10/21

Tasmania’s unemployment rate in October 2021 is 4.8%, the 3rd lowest in the country and 26.2% below the decade average.

Tasmania’s housing market has shown very strong and sustained growth for a long period now and has risen to be the 4th highest median house price of a capital city in the country, up 28% in the last 12 months, the highest growth in the country.

AN OVERVIEW Of Tasmania

Tasmania is ranked 1 st on four of the eight indicators and 2 nd on another three.

Key Categories This Quarter vs Decade Average Dwelling Commencements 1,250 +88.5% Unemployment 4.8% -26.2% Population Growth +0.39% -35.0% Economic Growth $41,847m +22.7% Equipment Investment $295m +40.1% Housing Finance $269m +40.1% Retail Spending $1,819m +18.1% Construction Work $887m +24.0%

TITLE, SITE, AREA & Zoning

22A Princes Street Sandy Bay is contained within Certificate of Title – Volume 250714 Folio 1.

LAND SIZE – 1,276 SQM APPROX.

Certificate of Title and Folio planare annexed. The property is zoned “Inner Residential” under the Hobart Interim Planning Scheme 2015. The property is listed on the Tasmania Heritage Register.

OUTGOINGS

Water Rates – $1,036 Council Rates – $3,462

AGENT’S Comments

This fantastic property offers a terrific opportunity for a savvy investor to make the most of the prestigious location and historic dwelling. There are multiple options for the site and to add value, however, a residential conversion in our opinion is the highest and best use for the site.

Smith PROPERTY REPRESENTATIVE 0438
658 jsmith@petrusma.com.au
Smith PROPERTY REPRESENTATIVE
jsmith@petrusma.com.au
John
443
Jane
0408 241 814

ANNEXURE Documents

RESULT OF SEARCH

RECORDER OF TITLES

Issued Pursuant to the Land Titles Act 1980

SEARCH DATE : 19-Nov-2021

SEARCH TIME : 03.43 PM

DESCRIPTION OF LAND

City of HOBART

Lot 1 on Plan 250714

Derivation : Part of 89A-2R-0Ps. Gtd. to W.M. Orr

Prior CT 4076/76

SCHEDULE 1

24034 & A895413 THE UNITING CHURCH IN AUSTRALIA PROPERTY TRUST (TAS.)

SCHEDULE 2

Reservations and conditions in the Crown Grant if any

UNREGISTERED DEALINGS AND NOTATIONS

No unregistered dealings or other notations

SEARCH OF TORRENS TITLE VOLUME 250714 FOLIO 1 EDITION 1 DATE OF ISSUE 27-Jun-1995
Department of Primary Industries, Parks, Water and Environment www.thelist.tas.gov.au Page 1 of 1
FOLIO PLAN RECORDER OF TITLES Issued Pursuant to the Land Titles Act 1980 Search Date: 19 Nov 2021 Search Time: 03:43 PM Volume Number: 250714 Revision Number: 01 Department of Primary Industries, Parks, Water and Environment www.thelist.tas.gov.au Page 1 of 1

11.2 Use Table

No Permit Required

Use Class Qualification

Educational and occasional care

Natural and cultural values management

Passive recreation

Residential

Utilities Only if minor utilities

Permitted

Use Class Qualification

Residential

Visitor accommodation

Discretionary

Use Class Qualification

Only if home­based child care in accordance with a licence under the Child Care Act 2001

Only if single dwelling.

Only if home­based business with no more than 1 non­resident worker/employee, no more than 1 commercial vehicle and a floor area no more than 30 m2.

Except if No Permit Required.

Except if home­based business with more than 1 non­resident worker/employee, more than 1 commercial vehicle or a floor area more than 30m2

Business and professional services

Only if a consulting room, medical centre, veterinary surgery or child health clinic.

Only if not displacing a residential or visitor accommodation use, unless occupying floor area previously designed and used for nonresidential commercial purposes (excluding visitor accommodation) or on the properties shown on Figure 11.2.1 (Former Douglas Parker Rehabilitation Complex ­ 31b and 35 Tower Road).

Except if a consulting room within 200m of the boundary of 35.0 Particular Purpose Zone (Calvary Hospital) or on the properties at 21 and 23 to 28 Gregory Street and 18, 20, 22 and 22a Princes Street.

Community meeting and entertainment

Only if church, art and craft centre or public hall

Educational and occasional care Except if No Permit Required.

Emergency services

Food services

Only if in an existing building and not displacing a residential or visitor accommodation use, unless occupying floor area previously designed and used for non­residential commercial purposes (excluding visitor accommodation).

Except if a take away food premises with a drive through facility.

General retail and hire

Only if in an existing building, except if a local shop, and not displacing a residential or visitor accommodation use, unless occupying floor area previously designed and used for non­residential commercial purposes (excluding visitor accommodation).

Residential Except if No Permit Required or Permitted.

Sports and recreation

Utilities Except if no permit required.

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