50 Mugga Way, Red Hill

A rare opportunity exists on the 'Golden Mile' to secure a magnificent 3143m2 parcel of land in one of Canberra's most desirable and prestigious locations. The block offers absolute prime positioning, well set back on the block and slightly elevated backing nature reserve with private rear access on to Red Hill. The world beyond high hedging provides a variety of possibilities. Currently a small two-bedroom dwelling exists on the block allowing a resident instant accommodation while plans are in progress to build either one substantial beautiful executive residence or two premium residences on land holdings of over 1500m2 (subject to approval). Central positioning offers a lifestyle of convenience close to both the Canberra Grammar School and Canberra Girls Grammar, popular shops, restaurants and cafes in Manuka, Deakin, Red Hill, Kingston, as well as close proximity to Parliamentary Triangle, Lake Burley Griffin and other Canberra icons. Features: • Absolute prime location on the Golden Mile in desirable, tightly held territory • Rare opportunity to build a substantial sized dream residence or 2 premium residences (subject to approval) backing Red Hill nature reserve with private rear access to Red Hill • Expansive 3143m2 block of land with 50% plot ratio • 46 metre street frontage, depth of 67 metres (approx) • Set well back on the block, slightly elevated with northerly aspect • Currently provides a 2-bedroom, 1 bathroom dwelling • Prime convenient inner south location with a short walk to Manuka, Red Hill, Deakin shops and both Grammar schools.