Many agree that Yarralumla would occupy a place at or near the top of any list of Canberra's in demand suburbs, and rightfully so as any resident will tell you! Additionally and increasingly those seeking change to a generally calmer and more ordered environment from other national and international, centres have also begun to realise the many advantages Canberra, and the top suburbs therein, have to offer. Add to this many of the current residents who, although they may eventually downsize their home, have absolutely no intention of leaving the area and there is a formula for ongoing prosperity in terms of property values in the area.
Assuming agreement with that proposition, here is an opportunity to capitalise on that potential future growth and demand. 19 Mueller Street is located in the RZ2 Suburban Core zone and is currently conditionally approved for the development of 3 luxury residences over 3 levels, including basement, with internal lifts to each level. The design entails almost due north aspects, high ceilings, internal voids as wells open plan layouts with each residence being completely separate from the other. The intention being that the competed development will offer a distinct, and a possibly new, product category.
Access to a complete set of the plans and specifications submitted with the development application as well as further detail related to the DA conditions is available on request from the agent..
The existing home is large, relatively modern and generally in very good order. An appraisal in the current market would reflect an income of circa $1200-1400 per week in gross rental. Inspection may be arranged as part of the due diligence process, if required.
Generous terms related to the period for settlement may be available depending on the nature of the buyer's overall proposal.