Strategically located just beyond the urban commotion yet close to the conveniences and local amenities of Lindisfarne Village, this property presents a compelling opportunity for development and investment.

A recent building inspection has revealed that the current weatherboard residence, built in 1930, is in very poor condition. A copy of this inspection report is available upon request. The house, though significantly neglected, comprises two bedrooms, a separate living area, and a basic kitchen/dining space, with bathroom and laundry facilities at the rear. The existing layout could potentially be reconfigured to optimise space and take full advantage of the breathtaking views of the Derwent Bridge and cityscape.

The property's expansive land and prime location offer numerous possibilities for expansion at both the front and rear. For those considering redevelopment, the site is ideal—subject to Council approval—for creating multiple dwellings. Its remarkable, ever-changing panorama overlooking Hobart's landmarks makes it perfect for constructing high-quality townhouses or a new residence (STCA).

In summary, 120 Karoola Street offers a rare chance to secure prime real estate in this sought-after and esteemed locale, whether the goal is to renovate the existing structure or pursue a complete redevelopment.