A rare opportunity for investors and developers alike, this substantial property occupies an amazing central position in the heart of Eden!
It consists of 10 apartments plus commercial office space in a Premium MU1 (Mixed Use) zone with wide frontage to Imlay Street and dual carriage lane access off Flora Street.
Magnificent panoramic views over Twofold Bay and the ocean horizon is enjoyed across multiple points on the site and by multiple units.
Property consists of three separate buildings. Level with Imlay Street, Building 1 features a 63m2 (approx) commercial street front office space, plus an additional 1 bedroom unit and a 2 bedroom unit.
Building 2 consists of 2 x one bedroom units and 2 x two bedroom units. Building 3 contains 4 x two bedroom units.
All residential units are tenanted. There is no strata title on these units.
The scale of the property and the MU1 zoning presents creative developers with multiple options with the existing buildings and additional open spaces that this property offers. Potential exists to add additional dwellings or to redevelop across the whole site (Subject to Council approvals).
Property for sale officially contains two addresses, 176 Imlay and 17 Flora St.
With excellent established rent revenues, central convenience, great views and scope for future development this is an opportunity not to be missed.
For a detailed summary of this property including existing tenancy revenues please contact agent Adam Donaldson.
Property Code: 542
Features
Allocated Car Spaces
nbn® Fibre to the Node (FTTN) is available in this property
Max wholesale speed tier available: nbn® Home Fast
In displaying this information, Allhomes relies on information supplied by nbn. Connection data presented may change from time to time, may not be accurate, complete, up to date, and may not have been validated for accuracy, completeness or reliability.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Adam Donaldson to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
What's nearby
Eden Public SchoolPrimary School
0.5km
Eden Marine High SchoolHigh School
1.4km
Eden IgaMajor Shopping Centre
0.3km
Sapphire Coast Anglican CollegeCollege
14.9km
Post OfficePost Office
0.3km
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
10 Aug 2007
Sold
$950,000
Contract: 04/07/2007
Transfer: 10/08/2007
Block size: 1335m²
Transfer type: Full transfer
Purpose: Shops & units
07 Oct 2004
Sold
$1,240,000
Contract: 19/12/2003
Transfer: 07/10/2004
Block size: 1335m²
Transfer type: Full transfer
Purpose: Residence
Eden suburb information
A little bit about who lives locally, as provided by government census data
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.