8 & 10 Callabonna Street, Kaleen, Act, 2617

What​ ​you​ ​see:​ ​A​ ​substantial​ ​1855m²​ ​RZ2​ ​landholding​ ​positioned​ ​just​ ​minutes'​ ​walk​ ​from​ ​Kaleen​ ​Plaza​ ​and​ ​local​ ​amenities.​ ​A​ ​compelling​ ​opportunity​ ​for​ ​developers,​ ​with​ ​the​ ​crown​ ​lease​ ​already​ ​varied​ ​to​ ​permit​ ​five​ ​dwellings​ ​and​ ​consolidation​ ​of​ ​the​ ​two​ ​blocks​ ​approved.​ ​

What​ ​we​ ​see:​ ​
Scale,​ ​flexibility​ ​and​ ​significant​ ​development​ ​potential.​ ​


See​ ​more:​ ​
Substantial​ ​combined​ ​landholding​ ​of​ ​approximately​ ​1855m²
RZ2​ ​Zoning
DA​ ​approved​ ​under​ ​the​ ​former​ ​50%​ ​plot​ ​ratio​ ​scheme​ ​(plans​ ​available​ ​on​ ​request)
Five​ ​dwellings​ ​currently​ ​permitted​ ​under​ ​the​ ​crown​ ​lease​ ​and​ ​lease​ ​variation​ ​paid​ ​
Consolidation​ ​of​ ​two​ ​blocks​ ​approved​ ​
Current​ ​50%​ ​lease​ ​variation​ ​charge​ ​reduction​ ​available​ ​in​ ​connection​ ​with​ ​the​ ​missing​ ​middle​ ​territory​ ​plan​ ​amendment​ ​
Both​ ​homes​ ​currently​ ​tenanted​ ​with​ ​leases​ ​ending​ ​April​ ​2027
Combined​ ​rental​ ​income​ ​of​ ​$5,850​ ​per​ ​month​ ​
No​ ​8​ ​-​ ​3​ ​bed,​ ​2​ ​bath,​ ​2​ ​car
No​ ​10​ ​-​ ​4​ ​bed,​ ​2​ ​bath,​ ​1​ ​car
No​ ​easements​ ​
Close​ ​proximity​ ​to​ ​Kaleen​ ​Shops,​ ​schools​ ​and​ ​local​ ​amenities​ ​
Convenient​ ​access​ ​to​ ​Belconnen,​ ​the​ ​University​ ​of​ ​Canberra​ ​and​ ​Canberra​ ​CBD
Within​ ​1​ ​minutes'​ ​walk​ ​to​ ​Kaleen​ ​Plaza​ ​
Within​ ​3​ ​minutes'​ ​drive​ ​to​ ​Kaleen​ ​Primary​ ​School
Within​ ​5​ ​minutes'​ ​drive​ ​to​ ​University​ ​of​ ​Canberra
Within​ ​8​ ​minutes'​ ​drive​ ​to​ ​Westfield​ ​Belconnen​ ​
Within​ ​15​ ​minutes'​ ​drive​ ​to​ ​Canberra​ ​CBD

Block​ ​Size:​ ​1855m²
Number​ ​8​ ​EER:​ ​1.5
Number​ ​10​ ​EER:​ ​0.5
Rental​ ​Range:​ ​Both​ ​currently​ ​tenanted​ ​returning​ ​$5,850​ ​per​ ​month
Rates:​ ​$7,941.90​ ​p.a​ ​(approx.)
Land​ ​Tax:​ ​​ ​$1,6753​ ​p.a​ ​(approx.​ ​only​ ​applicable​ ​if​ ​rented)

Disclaimer:​ ​Please​ ​note​ ​the​ ​property​ ​will​ ​not​ ​be​ ​marked​ ​under​ ​offer​ ​and​ ​inspections​ ​will​ ​not​ ​cease​ ​until​ ​the​ ​exchange​ ​of​ ​contracts​ ​has​ ​taken​ ​place.​ ​The​ ​above​ ​figures​ ​are​ ​approximate​ ​only.​ ​The​ ​material​ ​and​ ​information​ ​contained​ ​within​ ​this​ ​marketing​ ​is​ ​for​ ​general​ ​information​ ​purposes​ ​only.​ ​HIVE​ ​Property​ ​does​ ​not​ ​accept​ ​responsibility​ ​and​ ​disclaim​ ​all​ ​liabilities​ ​regarding​ ​any​ ​errors​ ​or​ ​inaccuracies​ ​contained​ ​herein.​ ​You​ ​should​ ​not​ ​rely​ ​upon​ ​this​ ​material​ ​as​ ​a​ ​basis​ ​for​ ​making​ ​any​ ​formal​ ​decisions.​ ​We​ ​recommend​ ​all​ ​interested​ ​parties​ ​to​ ​make​ ​further​ ​enquiries.​ ​By​ ​submitting​ ​an​ ​enquiry​ ​you​ ​are​ ​agreeing​ ​to​ ​opt​ ​in​ ​to​ ​further​ ​communication​ ​from​ ​HIVE​ ​Property​ ​(ACT)​ ​PTY​ ​LTD​ ​in​ ​line​ ​with​ ​our​ ​Privacy​ ​Policy.​ ​A​ ​copy​ ​of​ ​our​ ​Privacy​ ​Policy​ ​&​ ​Notices​ ​can​ ​be​ ​found​ ​on​ ​our​ ​website​ ​(https://hiveproperty.co/).