Prime 40-hectare landholding on Kings Highway hits the market

An opportunity like the one presented by this sizeable landholding on the Kings Highway in Carwoola, east of the ACT, is an unmistakable boon for visionaries.

Nearly 50 hectares of gently undulating land, lightly timbered and with a number of dams, is up for grabs only a short distance from the townships of Queanbeyan, Googong and Jerrabomerra.

The property is zoned RU2 rural and is set to go under the hammer on July 26.

Agent Campbell Jones of Blackshaw Manuka says it gives a blank canvas in a tightly held and sought-after area.

“Very rarely does land of this size with highway frontage – and being this close to a major town centre – hit the open market,” he says.

“Land is so sought after, and growth around the area has been strong for a long time now.

“We’ve had interest already from land bankers and people looking to investigate the future potential development at the site.”

The property, which is currently rented by Telstra for a phone tower, spans two titles with four lots being sold in a line.

Jones says it would make an ideal place for a weekender or has the potential for future development, subject to council approval.

“It would lend itself to an estate like the prestigious neighbouring and established semi-rural estates of Pinewood or Weetalabah,” he says.

$4,200,000

Kings Highway, Carwoola NSW 2620

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View property

“A crown paper road from Burbong Avenue leads into the site, providing additional access options and potential flexibility for future planning or subdivision, if approved.

“A potential syndicate or company could be interested in acquiring the land to rezone it.”

The landholding is situated about seven kilometres from Queanbeyan, 14 kilometres from Canberra Airport and Brindabella Business Park, and about 20 kilometres from the CBD.

Surrounded as it is by a beautiful landscape, Jones believes it won’t be long before it is snapped up.

“Whether you’re an investor or lifestyle buyer, this is a unique opportunity to secure prime land in a growth corridor with significant long-term appeal,” he says.