61 Macleay Street, Turner ACT 2612

Auction 16th November 6:00pm at Level 1, 182-200 City Walk, Canberra City

Located in the RZ3 zone in Turner, youll find this 836m2 block of land waiting for you to redevelop it. Allowing for 6-8 units, with basement garaging and generally 2 storeys, here is the opportunity to build your dream development. The only questions are, what would you build, units or townhouses? The lease is an old lease stating residential purposes only which means the change of use charge (CUC or 'Betterment Tax') will be considerably lower, so perhaps you might consider deluxe adaptable townhouses, north facing with spacious courtyard gardens sought by retirees. Or do you just land bank this blue-chip location?

Located only 1.5km from the Canberra Centre, 900m from Lonsdale Street, and 200m from a future Light Rail stop, this is the ultimate location for a multiple unit development.

The home itself offers three bedrooms, one bathroom, and a single carport. It is suitable to live in or let while you come up with the final plans for your project.

The owners are committed to a sale and have made their instructions clear: sell it! They have bought elsewhere, so it is time for them to pass this great development opportunity over to you.

Features:

- RZ3 Redevelopment Zone
- 38m Northern boundary
- East facing
- 836m2 block
- 65% plot ratio, capacity for up to 8 units
- 'Land banking' opportunity
- 1.5km to City, 900m to Lonsdale Street
- Loads of public transport, 200m to Light Rail stop

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