24-28 Gladstone Road, Richmond, Tasman

Development or Investment 3,083sqm residential

Boarding Jubilee Park on Gladstone Road is this well-positioned portfolio of residential properties. Spanning a total of 3,083sqm (more or less) of prime land these properties represent a greater opportunity for an astute investor or developer. The offering consists of four houses across five freehold titles, all of which are fully tenanted on periodic leases, ensuring immediate income. This versatile site offers various possibilities for investors, from land banking and value-add potential, to complete redevelopment.

Situated in an ideal location, the properties boast a beautiful outlook across neighbouring Jubilee Park, creating a serene setting while being within walking distance of Richmond Township. The regular-shaped, level contour and residential zoning further enhance the appeal of these properties, making them a standout for future growth.

Priced competitively at $2,400,000 + GST (if any) and with a total RV of $2,480,000, this is a rare chance to secure a prime investment with strong upside potential.

• Total floor area: 500sqm (approximately)
• Total land area: 3,083sqm (more or less)
• Four properties on five freehold titles
• Fully tenanted on periodic tenancies
• Ideal for value-add, land banking, or redevelopment
• Adjacent to Jubilee Park, with a scenic outlook
• Walking distance to Richmond Township

Asking price: $2,400,000 + GST (if any)

Call today to discuss this exceptional value-add opportunity and for further information.