208-210 La Perouse Street RED HILL ACT 2603
By Negotiation

DESCRIPTION

Ideal Development Potential!

A rare boutique apartment block, situated on 917sqm of prime RZ2 Red Hill Land, almost limitless opportunity awaits for astute developers and discerning investors alike. With most properties in the area already fully developed, this blank canvas has endless potential or simply sit back and watch the capital growth. Within a short stroll to new Red Hill parks and precincts, surrounded by quality schools and homes, brilliant access to all points of the Canberra compass and at the doorstep of Manuka Village, old Kingston, and The Foreshore.

Currently configured as 3 apartments, this property offers limitless opportunity to add your own improvements to maximize the potential. The ground floor consists of a 1 bedroom, 1-bathroom compact dwelling, with both the 1st and 2nd floors occupied by large 3-bedroom, 1-bathroom abodes, complete with full size bathrooms, including bathtubs, lounge and dining, as well as great kitchens with gas cooking, plenty of bench space and leafy outlooks. Both units 1 and 2 also have an undercover car park.

So, whatever the vision, discerning buyers will enjoy a substantial income stream while planning the next chapter of this premium offering, assured that no matter the desired outcome, the high demand of this outstanding address will ensure a future proof investment.

Features include:
- 917 Sqm corner block on RZ2 Zone
- Top floor � 3-bedroom, 1 bathroom and car parking
- First floor � 3-bedroom, 1 bathroom and car parking
- Ground floor � 1 bedroom, 1 bathroom and car parking
- A short walk to some of the best schools in Canberra including St Bede's, Canberra Grammar, and Narrabundah College
- Close proximity to Red Hill Nature Reserve, Red Hill Shops, Manuka Shopping Village and the parliamentary triangle