De­vel­oper tips Kingston re­vival

Mercury (Hobart) - Property - - Front Page -

ONEof the de­vel­op­ers of a more than $2 mil­lion ex­ec­u­tive town­house com­plex in Kingston Beach says he hopes the de­vel­op­ment will stim­u­late con­fi­dence and be a cat­a­lyst for other sim­i­lar de­vel­op­ments.

Peter Hodg­man said the three two-storey townhouses had lifted the qual­ity of res­i­den­tial ac­com­mo­da­tion in the King­bor­ough area to a level com­pa­ra­ble to other tra­di­tion­ally pres­ti­gious ar­eas.

‘‘When you look around and see the money be­ing spent on projects around Kingston it’s clear we’re emerg­ing as strong com­pe­ti­tion for places like Sandy Bay and Sala­manca,’’ the Raine and Horne con­sul­tant said.

‘‘I’ve al­ways be­lieved King­bor­ough had huge po­ten­tial and I’m con­fi­dent we’ll see this be a trig­ger for other de­vel­op­ers to come for­ward and do the same.’’

The de­vel­op­ment group com­prisedMr Hodg­man, ar­chi­tect Gra­ham Hills and builder Bill Gard­ner, who­have all worked to­gether on var­i­ous projects dur­ing the past 12 years.

Lo­cated at 52 Roslyn Ave, Kingston Beach, Mr Hodg­man says de­vel­op­ments such as th­ese are very im­por­tant for Tas­ma­nia’s fu­ture.

‘‘I think Tas­ma­nia of­fers a fab­u­lous life­style and has huge po­ten­tial,’’ he said.

At of­fers over $750,000, the apart­ments will be avail­able for in­spec­tion on Satur­day and Sun­day from 12.30-1.30pm.

CONGRATULATIONSto the LJ Hooker Mar­gate and Launceston of­fices for tak­ing out two awards each at the Vic­to­ria/Tas­ma­nia Night of the Stars Awards last Satur­day night in Melbourne.

LJ Hooker Mar­gate ex­ec­u­tive as­sis­tant Olivia

All properties have an of­fi­cial zon­ing sta­tus and al­ter­ing that, if not im­pos­si­ble, is at its best a long and costly process.

So, how do you de­scribe and mar­ket properties where res­i­den­tial and some form of money gen­er­at­ing/ busi­ness space is com­bined?

How do you sell the com­bined ben­e­fits where the res­i­den­tial part will be lived in by the same peo­ple Ben­nett was named the win­ner for the top busi­ness sup­port cat­e­gory while the en­tire of­fice, led by prin­ci­pal Su­san Clif­ford, took out top coun­try of­fice.

The Launceston of­fice, led by Col and Jill Edwards, took home the award for ex­cel­lence in mar­ket­ing and for the sev­enth year in a row was named the top of­fice win­ner for all in­comes.

AUCTIONof the week is an ar­chi­tec­tural gem over­look­ing Ta­roona. 4 Har­row Place goes un­der the­ham­meron Satur­day at noon.

This iconic 1950s ar­chi­tect de­signed home oc­cu­pies a cov­eted po­si­tion within an ex­clu­sively pri­vate en­clave with an ex­pan­sive out­look to the River Der­went.

While the home mayneed some in­ter­nal who run the busi­ness? Are th­ese places ‘‘bizhomes’’ (No! that’s aw­ful) or an ex­pan­sion of the live/work ti­tle, or even resi­comms? I’m not sure.

The fi­nal hur­dle for th­ese properties is that if you are tempted as a buyer, any­thing that doesn’t ful­fil a 100 per cent res­i­den­tial cat­e­gory makes lenders want to treat the prop­erty as a com­mer­cial ac­qui­si­tion, which of­ten means tougher lend­ing mod­erni­sa­tion, it of­fers a strik­ing and un­usual style – from the unique fa­cade and clas­sic en­try foyer to the curved iron win­dows of the front mas­ter bed­room. Three dou­ble bed­rooms, all with built-in wardrobes and one with en­suite, pro­vide an adapt­able floor plan while al­low­ing scope for a con­tem­po­rary facelift.

Flex­i­bil­ity is as­sured, with the orig­i­nal sep­a­rate kitchen ad­join­ing the din­ing that flows via glass French doors to the spa­cious and com­fort­able lounge. This sub­stan­tial plat­form of­fers scope to open and ex­tend for a mod­ern plan or sim­ply en­joy the cur­rent com­fort­able flow.

Set on 1733m2 of land, there is po­ten­tial for sub­di­vi­sion. As one of Ho­bart’s sought af­ter fringe precincts, Ta­roona of­fers an easy com­mute to both the Sandy Bay and city shop­ping cen­tre, as well as the ever-ex­pand­ing Kingston precinct.

Con­tact Craig An­der­son on 0428 449 843. cri­te­ria with higher in­ter­est rates, min­i­mum de­posits as high as 30 per cent and you can for­get first home buyer in­cen­tives.

My main ad­vice has been to break the mar­ket­ing into two sep­a­rate cam­paigns – one fo­cus­ing on the busi­ness side and the other fo­cus­ing on res­i­den­tial. But this is far from ideal and twice as costly!

I just want a name, a recog­nised cat­e­gory, lenders’ re­view and pub­lic aware­ness of the mis­cel­la­neous money gen­er­at­ing/res­i­den­tial prop­erty type. If you’ve got any ideas, on what we could call it, tweet me on @an­drewtwin­ter, or post to my Face­book page.

TA­ROONA STUNNER: This 1950s home at Har­row Place will be auc­tioned on Satur­day.

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