49A Spafford Crescent, Farrer ACT 2607

A rare & perfectly positioned residential site in FARRER. Vast scope to redevelop and make the most of the north-facing aspect and generous 1065.9sqm wide block with RZ2 zoning in a popular residential neighbourhood. A huge future as a potential development site, with scope for 3 luxury Townhouses (subject to approval) in a tightly-held pocket of Farrer. Create a dream home - walk to Farrer Park, Farrer Primary and local dining, cafes and grocers, it's handy to Canberra Hospital, Mawson Southland Centre, Westfield Woden & Town Centre, Bus Interchange & Top Schools, all within comfortable striking distance.

Liveable as is, it offers current rental income in its current form, while finalising its next chapter.

Highlights
• Impressive Land size 1065.9 sqm
• RZ2 zoning allows various residential solutions
• Immediate opportunity and a compelling future
• Concept drawings - 3 X 150 sqm dwellings
• Current rental income - $970pw
• Flexible asset in valuable location
• Block walls & flat roof - easy demolition
• Development potential, create value (subject to approval)
• Scope for 3 luxury Townhouse (subject to approval)
• Desirable north-facing aspect
• Area's best pocket footsteps to Farrer Park shops & cafes
• Walk to Farrer Primary school, transport & more

Existing Building
• 2 Flats & Triple carport
• Currently leased w/ dual income
• Flat1/49A Spafford Cres $650 per week - 3 bedroom
• Flat2/49A Spafford Cres $320 per week - 1 bedroom
• 1/49A & 2/49A are currently under one title
• Live, rent now, invest or land bank opportunity for the future

Contact Peter Baum sales agent for a contract of sale. Please Note - qualified buyers only will be issued a contract

Disclaimer: All information regarding this property is from sources we believe to be accurate, however, we cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries in relation to inclusions, figures, measurements, dimensions, layout, furniture and descriptions.