19 & 21 Cataract Street KALEEN ACT 2617
$2,800,000+

DESCRIPTION

A magnificent opportunity presents itself at 19 & 21 Cataract Street Kaleen.

With concept plans to build 8 town residences one plan with basement parking one with garaging. This will be a great opportunity to see a strong return quickly or it offers itself a great land banking opportunity.

This wonderful site finds itself tucked away in a quiet street in the ever-growing Kaleen District. Being close to the Belconnen town center, hospitals, great primary & secondary schools, the University of Canberra, AIS, and just a short drive to Dickson town center. Kaleen is sure to see future long-term growth.

Consisting of two homes currently and combines a spectacular 2,271m2 of RZ2 land. The block is flat with no large trees on the site. This is truly a developer's dream opportunity.

All homes are currently occupied and combine a mix of rent and owner-occupier positions. There is the opportunity for negotiation around a potentially longer settlement date. In the case of the tenanted property, having rental income in place means a current income stream is already in place.

Please make your interest known to get a copy of the concept plans and to avoid disappointment as this property will be sold.

19 Cataract Street, Kaleen
Block size: 1,361 m2 approx
Rates: $3,019 pa approx
Land Tax: $4,504 pa approx
UV: $721,000
EER 1.5

21 Cataract Street, Kaleen
Block size: 909 m2 approx
Rates: $2,999 pa approx
Land Tax: $4,463 pa approx
UV: $695,000
EER 2.0

Please speak with Eoin Ryan-Hicks at Reveal Phone or Tim Russell at Reveal Phone for further information or a private inspection.