PRIME DEVELOPMENT OPPORTUNITY

Positioned in the very heart of Aranda, this is a rare and incredibly sought-after opportunity to secure an amazing development site right next to the Aranda shops. A tightly held and ever-popular suburb, Aranda offers a balanced lifestyle just ten minutes from the City Centre. Within the suburb itself residents enjoy picturesque walking trails, abundant nature and wildlife, one of Canberra's best public primary schools and a vibrant social scene at the Aranda Shops with The Bolt Bar and Two Before Ten Cafe.

A suburb known for its timeless and notable architecture, the "Jalanga Townhouses" were designed by well-known architect Dirk Bolt in 1966. The new buyer may even choose to renovate and preserve the classic mid-century townhouses that exist here today as a striking example of Aranda's architectural history. The site is currently comprised of four two-bedroom townhouses.

Alternatively, embrace the opportunity to showcase modern day architectural trends and create something contemporary that complements the beautiful homes already in the suburb. Previously DA-approved for 6 new townhouses on the site. The previous DA approved plans are available to view upon request although the DA is currently expired.

* 2091sqm prime development land in a prestige, popular suburb
* Currently comprising four two-bedroom mid-century architect designed Dirk Bolt townhouses - Unit 1 EER 2.0, Unit 2 EER 4.0, Unit 3 EER 4.0, Unit 4 EER 2.5
* Estimated rental income of $1,400 - $1,600 per week with existing townhouses
* Previously DA-approved for 6 modern townhouses on the site, plans available to view on request
* Direct access straight onto the Aranda Bushland reserve and 1 minute walk to Aranda Shops
* Close proximity to Jamison Plaza, the Belconnen Town Centre, University of Canberra, ANU and Canberra City, with easy access to main arterial roads
* Set on the fringe of the Inner North, zoned to some of the area's finest public schools and education facilities, close to Calvary Hospital and public transport

In accordance with government recommendations, if you are experiencing COVID-19 symptoms, have been in contact with someone who is ill or have travelled recently, we ask that you be respectful of the well-being of others and not attend the open home or auction.