Knight Frank presents to the market for sale this rare site with DA approval for a mixed-use development in tightly held coastal suburb, Blackmans Bay.
The site is exceptionally well located being opposite the Bayview Market shopping centre, adjoining two childcare centres, close proximity to Blackmans Bay Primary School and walking distance to Blackmans Bay beach.
The 2,914 sqm* corner site carries development approval for a multi-storey mixed-use development incorporating 28 residential apartments, 447 sqm of much needed retail, a detached 475 sqm two-storey building approved for medical use and the added benefit of the permit being considered 'substantially commenced' by the Kingborough Council.
The development has both a north and eastern aspect, meaning majority of the apartments will benefits from views of the River Derwent and all day sun, and the permit includes parking for 86 car parks.
This is a very rare opportunity to secure a site with a well-designed approved DA, exceptional water views and excellent surrounding amenity
The size of Blackmans Bay is approximately 6.2 square kilometres. It has 13 parks covering nearly 6.2% of total area. The population of Blackmans Bay in 2011 was 6,728 people. By 2016 the population was 7,143 showing a population growth of 6.2% in the area during that time. The predominant age group in Blackmans Bay is 50-59 years. Households in Blackmans Bay are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Blackmans Bay work in a professional occupation. In 2011, 78.9% of the homes in Blackmans Bay were owner-occupied compared with 76.8% in 2016.
Blackmans Bay has 3,425 properties. Over the last 5 years, Houses in Blackmans Bay have seen a 41.88% increase in median value, while Units have seen a 39.90% increase. As at 30 November 2024:
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