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