Lot 1 Drummond St, Perth. Picture: Supplied
Just a 15-minute drive south of Launceston sits one of Northern Tasmania’s most significant englobo development opportunities.
Elders Tasmania has brought Lot 1 Drummond St, Perth to market, a 47ha landholding widely regarded as the last major undeveloped parcel within the township.
Doug Marshall from Elders Real Estate Launceston described the property as a “genuinely rare offering”.
“It’s the last major piece of Perth still to be developed, in a town that simply hasn’t been able to keep up with demand for new housing,” he said.
“With Future Urban zoning, Council backing for rezoning and a location that puts you minutes from Launceston, it’s an opportunity for a developer to shape the future of the town while benefiting from one of the strongest property markets in the country.”
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Lot 1 Drummond St, Perth.
Lot 1 Drummond St, Perth.
The site carries scope for residential and commercial development and has been earmarked by the Northern Midlands Council as a high priority for rezoning under the Perth Structure Plan.
Located on the southern fringe of Perth, the land is bordered by the Midlands Hwy to the south and Drummond St to the north.
Mr Marshall said the connection has effectively made Perth a satellite suburb of greater Launceston, and demand for housing in the town has consistently outstripped supply.
He said the parcel sits at the heart of the Council’s South Perth Outline Development Plan, a concept designed to accommodate a major share of the town’s growth across residential, commercial, open space and community uses.
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Lot 1 Drummond St, Perth.
Lot 1 Drummond St, Perth.
With recent local releases such as the nearby Skyeview Estate now around two-thirds complete, the offering invites developers to play a defining role in Perth’s next stage of growth, he said.
The Drummond St land is currently leased to a local primary producer for grazing, helping to offset holding costs through the planning and early development phases.
Inspections are strictly by appointment.
The property is for sale by expressions of interest, closing July 1 at 5pm.
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