We present for sale the opportunity to purchase over 1HA of prime residential land in the premium suburb of Taroona.

5 Grange Avenue was home to the ‘Marys Grange Aged Care Facility’ which was decommissioned approximately four years ago and has since been vacant and non-operational. The property is being sold with vacant possession and incorporates three titles.

Key highlights of the property include;

- Opportunity to purchase a large-scale land holding in the premium riverside suburb of Taroona
- Scope to refurbish back into a modern-day aged care facility, or re-position to an alternative use**
- Zoned: “Low-Density Residential” under the Kingborough Interim Planning Scheme 2015
- Scope to demolish the buildings and subdivide or construct,10-11* lots or townhouses under the current planning scheme**
- Opportunity for a private individual or family to purchase and create a large private family home on 1.05HA of land
- Views of the River Derwent and/or the adjoining parkland from majority of the site
- Metres from the popular Grange Beach, Taroona Foreshore Track and Cartwright Reserve

The property is for sale by Expressions of Interest closing Thursday, 2 May 2024 at 4pm (AEST)

For further information please contact George Burbury or Richard Steedman

*Approximate
** STCA