Set only metres from Nutgrove Beach and the walking tracks lining the River Derwent, Mr Stephens said properties of this scale, history, and foreshore position were incredibly rare.
“To have a landmark estate like 'Newland' come to market right opposite Nutgrove Beach is a once-in-a-generation event for Sandy Bay,” he said.
“Because it features an existing DA-approved lift and parking, it is a turnkey, capital-efficient solution for a medical or allied health occupier.
“However, given the utter scarcity of homes in this premium position, it would equally reward a buyer with the vision to restore 'Newland' back into a stately, world-class family residence.
“The flexibility here, backed by immediate commercial holding income, makes it an unmissable opportunity.”