540 Pass Road

Cambridge TAS 7170

+ Unanimous Council approval to rezone from Rural Living B to General Residential, Local Business and Open Space (subject to final TPC approval)

+ Estimated yield of 150-200 dwellings* if the SAP is not locked to a masterplan - with a 112-dwelling* baseline under the structure-plan scenario

+ Stage 1 subdivision approved - works can commence immediately on TPC approval, with a 3-year completion window

+ Clarence City Council - pre-committed sale as part of stage 1, for 7 lots or 10 dwellings at market value for additional POS.

+ Holding income of $62,900* p.a. from two leased dwellings on the balance lot during approvals and early works

WHY THIS SITE STANDS APART
+ Council has skin in the game. Clarence City Council has executed a Deed to acquire the public open space component (above the 5% statutory minimum) at retail value less development costs, an immediate pre-commitment equivalent to 7 lots / 10 dwellings* within Stage 1.

+ Maximum development flexibility. Council's modification potentially removes reliance on the submitted masterplan, a purchaser has the freedom to redesign future stages, lot configuration, density and product mix to suit the market.

+ Whole-of-site infrastructure designed. A five-stage civil services plan (roads, stormwater, sewer, utilities) has been fully engineered by JMG across the entire site, constructability and sequencing confirmed from day one.

+ Constraints removed. The Waterway & Coastal Protection Overlay has been resolved off the majority of the residential footprint, clean, unrestricted residential zoning.

+ A defined delivery obligation. The only binding commitment is completion of Stage 1 within three years of TPC approval, everything beyond is yours to shape.

A LOCATION UNDERPINNED BY DEMAND
+ Mornington sits on Hobart's Eastern Shore, approximately 9km* from the CBD, 9.8km* from Hobart International Airport and 4.4km* from Eastlands, one of Greater Hobart's most connected and self-sufficient residential corridors.

+ Clarence is Tasmania's fastest-growing LGA by absolute population, forecast to add ~12,218* residents to 2053

+ A designated priority LGA under the Greater Hobart Urban Growth Boundary expansion (confirmed May 2025) and the State's 10,000-home target, backed by the $1.5bn* Homes Tasmania program

+ Mornington Median house price circa $706,000*, annual growth of 8-12%*, and just ~14 days* on market, providing the perfect scenario of tight supply and strong buyer confidence

+ A deep stack of demand-side tailwinds: First Home Owner Grant, MyHome Shared Equity, Help to Buy, and interest-free headworks loans of up to $1m* per medium/high-density project

A decade of planning, delivered. A site this complete, in a corridor this constrained, does not stay off-market for long. We invite your early, confidential interest on Greater Hobart's standout residential landholding.

For Sale by Offer