Blue Chip Development Opportunity

A magnificent opportunity presents itself at 19 & 21 Cataract Street Kaleen.<br/><br/>With proposed plans to build 8 town residences, this will be a great opportunity to see a strong return quickly or it offers itself a great land banking opportunity.<br/><br/>This wonderful site finds itself tucked away in a quiet street in the ever-growing Kaleen District. Being close to the Belconnen town center, hospitals, great primary & secondary schools, the University of Canberra, AIS, and just a short drive to Dickson town center. Kaleen is sure to see future long-term growth. <br/><br/>Consisting of two homes currently and combines a spectacular 2,271m2 of RZ2 land. This is truly a developer's dream opportunity.<br/><br/>All homes are currently occupied and combine a mix of rent and owner-occupier positions. There is the opportunity for negotiation around a potentially longer settlement date. In the case of the tenanted property, having rental income in place means a current income stream is already in place. <br/><br/>Please make your interest known so as to avoid disappointment as this property will be sold. <br/><br/>19 Cataract Street, Kaleen <br/>Block size: 1,361 m2 approx<br/>Rates: $3,019 pa approx<br/>Land Tax: $4,504 pa approx<br/>UV: $721,000<br/>EER 1.5<br/><br/>21 Cataract Street, Kaleen <br/>Block size: 909 m2 approx<br/>Rates: $2,999 pa approx<br/>Land Tax: $4,463 pa approx<br/>UV: $695,000<br/>EER 2.0<br/><br/>Please speak with Eoin Ryan-Hicks at 0424 042 419 or Tim Russell at 0416 087 834 for further information or a private inspection.