AT A GLANCE
Land size: 1211m² (opportunity to extend to 2245m2 with next door)
Zoning: RZ3
Rates: approx. $3,083 p.q.
Land Tax: approx. $6,471 p.q.
Current Rent: $7,618 per month (3 dwellings)
THE OPPORTUNITY
A substantial 1211m² RZ3-zoned landholding in Turner, positioned across from Haig Park & 2 blocks from the Northbourne Corridor - one of Canberra's fastest-growing precincts, linking straight into the CBD and beyond.
RZ3 zoning opens the door to an urban infill project aligned with the ACT Government's Missing Middle vision, making this a genuine development-grade opportunity in one of the Inner North's most tightly held suburbs.
A further land acquisition opportunity exists with 16 Greenway St on the market to grow the development site potential to 2245m2 total.
WHY TURNER
A short walk to light rail, Braddon's café and retail strip, and the City centre
Consistently strong demand in a leafy, established, high-amenity pocket
Direct connectivity via the Northbourne Corridor growth spine
HOLDING INCOME AND FLEXIBILITY
The block isn't sitting idle - a tenanted home is already in place, generating $7618 per month on a periodic lease. That gives a purchaser breathing room: hold for income while plans are finalised, or explore repositioning the existing dwelling.
WHO THIS SUITS
Primarily developers chasing a well-located infill site with strong fundamentals - though the existing home also gives owner-occupiers a pathway to a Turner address now, with upside to unlock later.
Sites of this calibre in Turner don't come up often. Contact us to find out more.
Disclaimer: The material and information contained within this marketing is for general information purposes only. The Property Collective does not accept responsibility and disclaims all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.
