Unique opportunity in Hughes: Entire complex of four townhouses for sale

Here’s something you don’t see every day – an established residential townhouse development offered as a commercial opportunity.

While it may be rare, it makes sense for an investor or owner-occupier to take a close look – it’s all about rental cash flow and potential growth in residential value.

What’s on offer are four townhouses in one of Canberra’s most tightly held residential precincts. They are already strata-titled, which means maximum future selling flexibility.

The complex in leafy Groom Street comprises two townhouses with a three-bedroom layout, and another two with a one-bedroom, loft-style floor plan. There are six on-site parking spaces.

Fully let, the property has the potential to deliver an annual gross income of around $161,000.

For Sale by Expressions of Interest

Four Residences/67 Groom Street, Hughes ACT 2605

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Inside, the homes are spacious with high-quality finishes, modern kitchens and bathrooms, floor coverings and outdoor entertaining spaces, in line with rental market standards.

Nathan Dunn of Knight Frank Canberra says there’s much to like about this rare opportunity.

“You just don’t often see an established townhouse complex come to market as a whole,” he says. “But Groom Street has strong appeal for an investor – who could be an owner-occupier, too.”

Dunn says an asset in Hughes represents a solid investment: “It’s an in-demand location for renters and the value of residential holdings is only likely to go in one direction.”

The expressions of interest campaign comes with a price guide of $4 million-plus and closes October 23.