In the heart of the Queanbeyan CBD, almost 5,000sqm of two prime sites are available for purchase, presenting an opportunity to develop the largest mixed-used site in the city’s history.
Colliers Director of Residential Land, Josh Reid, revealed there’s potential to build 190 apartments across the two sites, which “are zoned for commercial-residential use”.
“If the properties were developed to the full extent allowed, this will be the largest mixed-use development seen in Queanbeyan’s history,” Mr Reid said.
“This really is the place to be in Queanbeyan and with the sites offering such exciting potential, we expect strong interest.”
Both 10-12 Rutledge Street and 257 Crawford Street will be amalgamated as the main site, totalling 4,188sqm, while 6 Rutledge Street is 848.6sqm in size.
A new $74 million office precinct is currently under construction next door, designed by Cox Architecture, and is set to revitalise the CBD with a new green space, library, multi-storey office buildings and basement parking.
“This really is the place to be in Queanbeyan and with the sites offering such exciting potential, we expect strong interest,” Mr Reid said.
The sale of the properties is being managed by Colliers, on behalf of Queanbeyan Palerang Regional Council, and Expressions of Interest close on Thursday 21 October at 4pm (AEDT).
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