56 Clydesdale Avenue
Glenorchy TAS 7010
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Premium residential investment & development opportunity
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**.
• Staged development potential - The approved subdivision allows for a phased development strategy**.
• Government incentives - New units will likely be priced to qualify for the Tasmanian Government’s 'My Home' Shared Equity Scheme
• Depreciation benefits - Recent construction (circa 2018-2019) provides likely strong tax advantages for investors.
This is a rare opportunity to acquire a high-growth asset with a diversified income stream in a sought-after 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 **STCA
Features
General Features
- Land Area: 1.9hect
- Commercial Type: Land/Development
- Building Area: 18,660sqm
- Zoning: General Residential
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