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Launceston has two prime development site that the council doesn't know what to do with.
THEY ARE UP FOR GRABS NOW!!
Do not be caught out if you see that this as an opportunity for you or yours. Even if these sites are located on a flood plain those floods may never happen. SEE Launceston Flood history http://www.bom.gov.au/tas/flood/flood_history/flood_history.shtml After all the last big flood in Launceston was so long that there is almost nobody living who can remember it. So investors while need to mindful of the risk need not overstate them.
The university hoped in grabbed this parcel that it now developing as student accommodation. When these units are fully occupied by overseas students t take no imagination whatsoever to see the development opportunities on the two lots now up for grabs!
For the careful investor here is the flood history on the wall. Note the dates and take into account Climate Change. These so called 100 year floods may never happen again! For further information do not hesitate to contact Launceston's Flood Authority. They are well equipped to answer any of your questions.
The site offers multiple opportunities for family friendly developments. Be assured that the site has multiple as yet unrealised opportunities. Invest in this site and make your dreams come true.
The site is a cultural precinct which will lend a special credibility to developments that they may not win so easily elsewhere. Do dot under estimate the opportunities here! Also do not underestimate the value of your access to student labour it brings with multiple benefits!
As yet the cultural life on the precinct has not reached its full potential. For the innovative investor and developer there are many opportunities to pick up the ball and run with it. The profit opportunities are only limited by your imagination.
LOT #1: The site offers greenfield development opportunities that are so very rare these day in the larger regional cities. And all this right next door to Tasmania's premier sports ground. In the past circuses used this open ground which is proof of the sites audience acceptance. Developer should not dismiss the income stream that they can generate from the parking opportunities on offer here.
The site's tourism potential is largely unrealised. Launceston and Tasmania overall is on the cusp of a tourism boom and the anticipated accommodation shortage aught not be overlooked. In the wake of the city's manufacturing operation moving elsewhere the tourism industry is poised to step in and boost the city's economy. This site's potential is enormous.
One of the usual stumbling blocks developers are faced with is a precinct's heritage values. While this site is a heritage site its an industrial site that offers more affordable development proposal given the flexibility of the architectural standards that apply on this site.
LOT #2: This lot has all the advantages on offer at LOT #1 except LOT #2 adjoins a busy road offering superior advantages in regard to exposure. While the flood threat is rarely mention for this site it does exist but is somewhat more manageable. For the short term investor the opportunities should be obvious to any innovative entrepreneurs.
While the riv er separates the two sites at a nominal cost a foot bridge could be constructed to integrate to two lots. Further upstream there is a disused railway bridge that might well be repurposed.
Currently the site is used as a car park and there are extraordinary opportunities to expand this business and locate additional accommodation above.These two lots offer the innovative investor multiple and rewarding opportunities that will surely win public approval.
