Latest News
You are here: Home > Real Estate News > Tasmania > Village of Penguin, Tasmania, For Sale

Village of Penguin, Tasmania, For Sale

Mr Roche’s failure to sell the properties as a package means they are now likely to be sold off individually. Many of the 10 properties in Penguin and nearby Ulverstone have permits for hotels, apartments and shops.

Gross Waddell selling agent Andrew Waddell said buyers had already begun picking at properties in the portfolio, which are valued at between $300,000 and $4 million.

All up, more than 20,000 square metres of beachfront property is for sale, worth about $20 million. Mr Roche expects them to sell over the remainder of the year.

Penguin and Ulverstone are about a 40-minute drive from the Spirit of Tasmania dock in Devonport, which receives regular visitors from Sydney and Melbourne. It is a short drive from Burnie, which has an airport.

Mr Roche’s plans to build an exclusive resort were met with widespread community disapproval.

Death threats, coupled with a mail campaign urging residents to “think of their children” and say no “to an influx of gay Sydney men” tainted development plans.

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for Realestatesource.com.au and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Scroll To Top