Unlock the potential of this prime real estate in the highly sought-after suburb of Macquarie, Canberra. This substantial 867 sqm block, zoned RZ2, offers a prime opportunity for developers and investors to capitalize on the growing demand for high-quality housing in one of Canberra's most desirable locations. The home currently located at 4 Ulva Pl is a 3-bedroom, 1 bathroom property that has been extended. Originally built in 1968, the home has been extended twice to add a second living area and a sunroom. Additional improvements to the property are air-conditioning and solar panels providing you with cheaper source of electricity. Key Features: • Zoned RZ2: The property is situated on a block zoned RZ2, which allows for a range of residential developments including dual occupancies, townhouses or adaptable housing (subject to council approval). This zoning provides flexibility to create innovative residential solutions. • Generous Land Size: With a spacious 867 sqm land area, the site provides ample room for creative development strategies, enabling developers to maximize the block’s potential. • Current Dwelling: The property currently features a three-bedroom, one-bathroom house that is vacant and requires clearing and refurbishment before it can be occupied. This presents a unique opportunity for redevelopment or renovation. • Prime Location: Conveniently located in Macquarie, the property is within close proximity to essential amenities including the Jamison Centre, Belconnen Town Centre, and Canberra City. Residents will benefit from easy access to public transport, schools, parks, and recreational facilities. • Market Demand: Macquarie is a highly desirable suburb known for its strong capital growth and demand for new residential developments. This property offers an attractive investment opportunity in a thriving area. Additional Features: • Close to educational institutions such as the University of Canberra and Radford College • Easy access to major roads and transport links • Established neighbourhood with a vibrant community • Potential for high resale value or lucrative long-term rental income after development This is an exceptional chance to acquire a development/renovation site in one of Canberra's most promising suburbs. Whether you are looking to build and sell or hold for future growth, this property provides a solid foundation for a successful development or renovation project. Contact Vinko on 0410 636 045 today to arrange an inspection and explore the potential of this outstanding opportunity.
