Project overview
Situated on a 2,013 sqm corner allotment at Yachtsmans Way and Starboard Road, Tranmere, this DA‑approved site offers an outstanding development opportunity in a highly desirable coastal suburb, just a short drive from Hobart CBD. The gently sloping land provides elevated views across the River Derwent, dual street frontage, and easy access to the Clarence Coast Trail, parks, and recreational amenities. With approval for 13 multiple dwellings and 3 shops, the site presents an exciting opportunity for medium-density mixed-use development, combining lifestyle appeal with strong market potential. Its regular shape, prominent location, and fully serviced utilities make it well suited for efficient, high-quality development.
Tranmere is a sought-after, high-amenity suburb with strong demand for residential living and limited available development land. The area’s coastal views, recreational access, and emerging residential character enhance the appeal of new dwellings, making this site a rare opportunity to deliver lifestyle-focused housing in a growth corridor. With a DA already in place, the property offers a clear pathway for development, attracting interest from lifestyle-oriented buyers and future residents.
The total loan facility for the project is $1,235,000.
Exit strategy
The primary exit plan is to refinance with a construction loan with CrowdProperty.
The borrower and project team
The borrowing entity, Endevor (Tranmere) Pty Ltd, is a special purpose vehicle established for this transaction. The project will be run by Kunama Property Group. Established in 2016, Kunama Property Group is a privately held development company based in Tasmania. Founded by Salim Chedid, the firm undertakes residential and mixed-use projects across the state. Its portfolio comprises midscale developments with an emphasis on sustainable design and community integration. The company operates under established governance frameworks and maintains a pipeline of projects that are construction-ready. Kunama is currently seeking to expand its activities through institutional partnerships and alignment with private capital sources.
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