This is a unit in Braddon ACT. Built in 1956, it has 3 bedrooms, 1 bathroom.
A Unique Opportunity To Buy A Block of Land In Central Braddon This is an opportunity to tick all three golden rules when it comes to buying property: location, location, location. This property is located in a beautiful, quiet and tree-lined street in a sought-after inner-north Canberra suburb. It is only two blocks, a few hundred metres and a six-minute leisurely walk to trendy bars, cafes and restaurant-filled festive Lonsdale Street, and then just another 6-minute walk to the City Centre.It is within walking distance to parks, schools, clubs, sporting venues, public transport, the Olympic swimming pool and the Canberra City shopping Centre. And if you work or study at the Australian National University, you can take the daily free ANU Bus which has a stop across the road or just take a healthy 20-minute walk. The property is a street-away from the Ipima-street-stop on the brand-new Canberra light-rail network. It is less than a 1-minute walk to the local park, play-ground and local mini-shops. It has stunning views to the mountains and also offers lifestyle choices on your doorstep including cycle paths and the Mount Ainslie walking tracks. You will be able to walk to seasonal attractions like the Multicultural Festival, Floriade and the Canberra City New Year Celebrations or just watch the fireworks display from your own balcony.Why buy a townhouse in Braddon when you can build to your own design and never pay body-corporate fees ever? The options are plentiful. On this block of land, for example; you can build an underground carpark (current rental returns for secure car-spots in Braddon are up to $150 per month); you can build two storeys up to a maximum of 9.5 metres high; you can build a rooftop-terrace with views to both Black Mountain and Mount Ainslie; you can build two separate residences (maximum GFA on the smaller dwelling is 90m which could potentially fetch a rental return of at least $600/week).You can build almost 300 sqm of living space (GFA) and with the new ACTPLA rules, you don't need to go through a lengthy public notification period for building approval - all you need is a design that is certified as being within the planning rules. You can be ready to build practically as soon as you finish your design.The property will be for sale on the condition that the current standing ex-government house and the house next door are both to be demolished by settlement. The demolition has been approved; price of the demolition & re-fencing &the accompanying lease variation charge are included in the purchase price. The current old ex-government house on the property has a common boundary wall with the house next door 27 Ipima Street it is a condition of the crown lease requirement that if new houses are to be built on either property they both need to be demolished first. Therefore, after the exchange of contracts there will be a two-month settlement period the two houses will then be demolished and all materials removed so that your block is left totally cleared and ready to build on all included in the purchase price, as per the contract of sale -there is no further expense or requirement from the purchaser what so ever. And if you use your time efficiently you could have your property design ready by then so that you can start building immediately once the property settlement has been finalised. A brand-new residential property is also being built next door at 27 Ipima street.Other interesting facts: according to ACTPLA's website, Ijong Street is named for an aboriginal word meaning 'water'Highlights 588m2 Level land You can build 300 sqm total GFA No lengthy building approval required just have your design certified that it is within the planning rules and you could be ready to build by settlement! 17m frontage on 588sqm of level land Scope to redevelop (subj. to council) Long 270-degree city & district views North aspect to the garden You can build a secondary residence of 90 sqm for family or extra income potential of $600p/w. Unique flexibility for building below ground & multi levels above ground level Walk to brand new light rail, express bus, shops, schools, ANUGet to know Braddon...Residents value this area for its family-friendly ambience and leafy environment. Yet it's still within easy reach of the CBD, major shopping centres, and the Light rail. A true village feel. An array of quality public and private schools. You will love the street, the convenience. Arguably the best-kept secret of the Braddon area & Canberra.