43 & 45 Cole Street, Sorell, Tas 7172

Expressions of Interest

House
Type
8
Bedrooms
4
Bathrooms
10
Parkings
3,611 m²
Area

Published on Friday, August 14, 2026 ( See property details for 43 & 45 Cole Street, Sorell, Tas 7172)

Expressions of Interest

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare development and investment opportunity in the heart of Sorell, offering two adjoining properties with substantial land, income, and future potential.

🏡 Property Highlights

  • Prime central Sorell location adjacent to RSL and Council Chambers
  • Combined land area of approximately 3,611m² with General Business zoning
  • Two adjoining properties with substantial development potential
  • Currently leased with holding income of over $34,000 annually
  • Strong future development prospects in a growing township
  • Level allotments with significant size for various uses

✨ Key Features

  • Built in robes
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Fully fenced
  • Water tank
  • Floorboards
  • Alarm system
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

Sorell is a vibrant and growing township in Tasmania, renowned for its historic charm and strategic location near Hobart. The suburb offers excellent amenities, a strong community feel, and significant development potential. Its proximity to key infrastructure and services makes it an ideal choice for investors and developers seeking long-term growth. The area boasts a mix of heritage-listed sites and modern developments, providing a unique blend of history and opportunity.

What are the future development possibilities for these properties?
Given the General Business zoning and substantial land size, these properties offer significant potential for commercial, residential, or mixed-use development, subject to council approval.
Are there any heritage restrictions on the properties?
No, neither of the properties are heritage listed, allowing for more flexible development options.
What is the current rental income and lease expiry dates?
The property at 43 Cole Street is leased at $400 per week with a lease expiring on 26 January 2027, and 45 Cole Street is leased at $540 per week with a lease expiring on 30 January 2027.
Are there any planning or zoning restrictions I should be aware of?
The properties are zoned General Business, which permits a range of commercial and development uses, subject to local council regulations.
What are the key features of the existing homes?
Both homes are four-bedroom residences, with 43 Cole Street built in 1900 and approximately 144m² of living space, and 45 Cole Street built in 1971 with approximately 126m² of living space.
Are there any hidden costs or upcoming maintenance requirements for the properties? Have the properties been inspected for structural issues or pests? Are there any zoning or planning restrictions that could limit future development? Is there any history of flooding or bushfire risk in this area? Are there any easements, covenants, or restrictions affecting the land? What are the council rates and any additional levies applicable? Are there any planned infrastructure projects or nearby developments that could impact the property? Is the current lease agreement with tenants in good standing and are there any rent review clauses? Are there any existing planning permits or approvals for development? What are the terms and conditions of the current leases, and are there options for renewal or early termination?

43 & 45 Cole Street, Sorell, Tas 7172 - More Details

Expressions of Interest

43 & 45 Cole Street, Sorell

Rare Development & Investment Opportunity in the Heart of Sorell

Discover a unique opportunity to secure two adjoining properties in a prime central Sorell location, directly next to the RSL and Sorell Council Chambers.

With a combined land area of approximately 3,611m² and General Business zoning, these properties offer exciting potential for developers, investors or those looking to secure a substantial parcel of land in the heart of town.

-43 Cole Street
-4-bedroom home
-Approximately 144m² of living space
-Built in 1900
-Not heritage listed
-Level 1,719m² allotment
-Currently leased at $400 per week
-Lease expires 26 January 2027

45 Cole Street
-4-bedroom home
-Approximately 126m² of living space
-Built in 1971
-Level 1,892m² allotment
-Currently leased at $540 per week
-Lease expires 30 January 2027

Together, the properties provide a rare combination of size, location, zoning and holding income, making this an opportunity well worth considering for those seeking future development potential or a strategic investment in Sorell.

Inspections are strictly by appointment
Expressions of interest closing 18th September

For further information or to arrange an inspection, please contact exclusive listing agent Mel Renel
Type
House
Bedrooms
8
Bathrooms
4
Parkings
10
Area
3,611 m²
House Size
270 m²

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