This beautiful (c1925) cottage has recently undergone a superb renovation, resplendent in design that has transformed the property into a luxurious and welcoming character home. The property also has the added bonus of fully approved plans for a 2 bedroom/2 bathroom, 7 star energy rated villa development at the rear. Once completed this would be a great additional investment or even strata title to resell. The house has a rental potential of between $540 and $560 and the unit has a rental potential of between $580 and $620 as appraised by Devine Property Management Department. Located in a prized position just a stones throw to the centre of Glenorchy, a short stroll to Northgate Shopping centre. Inside the home has beautiful character and charm with modern features. At the front of the home the large living space is a relaxing opulent room with a reverse cycle air conditioner and working open fire place. Both the bedrooms are a great size, the front bedroom includes built in robes and an open fireplace. The open plan kitchen and dining space is light filled and fresh with an enduring elegance. The country inspired kitchen with shaker cupboards, timber bench tops and ceramic sink includes a large oven with gas top cooking and dishwasher. This room also includes a reverse cycle air conditioner and the third open fireplace of the home. Sitting on a level block of 604m2 with a large 9x12m workshop at the rear. This property is zoned inner residential so there is allowance for a home based business to be run from this space (STCA). The lucky purchaser will receive the stamped building and development approvals, plus the full plans for a 2 bedroom/2 bathroom addition at the rear. Located just 15 minutes to Hobart CBD with so many options for a great return or resale, this property is a must see, contact us today to find out more on this unique opportunity or to arrange a private inspection.