We are privileged to present to the market for sale 'The Red Chapel', 520 Sandy Bay Road, Sandy Bay.

This generational opportunity is incredibly unique, comprising a land area of approximately 1,556 sqm, and two existing buildings being the Hall and 'The Red Chapel'. The site is north facing, regular in shape and benefits from the title being to the high water mark of the River Derwent. Zoned ‘General Residential’ and carrying an approved DA for residential use, the property presents multiple options including development of a luxury waterfront residence, a residential strata development, potential subdivision of the site, or the occupancy of a range of commercial uses (STCA).

The property is situated on the famed ‘Golden Mile’ within the affluent suburb of Sandy Bay and is surrounded by prestigious waterfront homes. Beaches and parks compliment the area, as well as some of Tasmania’s leading private schools.

Opportunities such as this are extremely rare to market, and with the scope of potential this property has, it is certainly deserving of strong consideration by all astute purchasers.

The property is for sale by Public Auction, Friday 10 December 2021 at 11am.

For further information or to book an inspection please contact either of the exclusive selling agents.