Perfectly positioned on the corner of Franklin Street and Dominion Circuit, this potential development opportunity is a rare find in arguably Canberra’s most premier suburb. You will be just a five minute walk to the Manuka Village, ten minutes to Kingston and the Parliamentary Triangle, fifteen minutes to Lake Burley Griffin and a short drive to the CBD. The property is also located within the Forrest Primary School, Telopea High School and Narrabundah College catchment zones, as well as walking distance to several great Private Schools such as Canberra Grammar, St Edmund’s and St Clare’s.
The property is RZ2 zoned which means development and a dual-occupancy residence is possible. The dual frontage block has two existing driveways which will make development of two townhouses easy as both will have their own private entrances and garaging. This will give the separation needed for both properties to feel like their own private residence.
The property could also be kept as a single residential property. The location is a great spot for a family to grow up given its location as listed above. The existing house does require some renovation work, but the rooms are all a great size and there is the scope for extension to the rear of the property.
- 769m2 of RZ2 zoned land - Fantastic corner location with northern and western orientations - Dual driveway access - Walking distance to the best the Inner South has to offer - Great school catchment zones
Heating Wood Fire
Outdoor Entertaining Area
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Block Size:769 m²*
Unimproved Value:$1,447,000 (2020)
Land Tax (Residential):$14,372*
*These are approximate values based on available information.
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.