Harrison Agents is pleased to present this opportunity to secure an exceptional development site. Development in Launceston is at fever pitch, with many townhouses & unit projects recently or currently selling. The possibilities at 66 Forest Road for a development such as that. Are not only rare but would arguably be one of the best Launceston. Likely to appeal to a townhouse developers without discounting childcare, medical, aged care or simply a large single or multiple house site (all STCA) The current early 1900s building has been converted into 4 flats. Returning $715per week, 3 flats with ongoing leases in places. Key Property Features: Land Area: 5883m2 (approx) Breathtaking views of Launceston City, Tamar River & beyond. Established location with a scarce supply of development opportunities in the area Current estimated rental return of $35,900 PA Immediate access to West Tamar Highway (1000 metres*) Potential for a range of residential (STCA) Zoning: General Residential (10.0) Extensive street frontage onto Forest Road This is an outstanding opportunity for developers to deliver a landmark development in one of Launceston's most picturesque residential suburbs. The information on this website has in part been supplied to Harrison Agents Pty. Ltd. by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.