An expansive 16,303sqm site on Northbourne Avenue, with potential for up to 477 residential dwellings, will be going under the hammer on 28 June, representing a rare opportunity for a local or interstate buyer.  

The Suburban Land Agency will be releasing the block that sits in a prime location on Canberra’s major entry corridor, and Colliers is managing the sale on behalf of the ACT Government.

Colliers Director Residential, Shane Radnell, said the site, “Block 4, Section 57, has Northbourne Avenue Street frontage and is located in the CBD suburb of Turner”.

“Northbourne Avenue is the northern entryway into Canberra and it has been transformed since the inception of light rail. This public transport project has reinvigorated the city centre and surrounds by creating demand for high density housing along the light rail corridor.

“Future residents of homes on the site being released for sale today will only be a short tram journey from the CBD or could even walk to town. Also on their doorstep is the popular dining precinct of Braddon and the lovely green space offered by Haig Park.”

Colliers Director Land Marketing, Josh Reid, said, “Based on how popular, and how scarce, development opportunities along the light rail corridor are, we expect local and interstate developers will take a close look at this property”.

“With CZ5 mixed-used zoning, planning guidelines allowing for a maximum of 477 residential dwellings and combined with the central and in-demand location, this site will present an outstanding opportunity for whoever ends up being the successful purchaser.”

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