Auction 31 October unless sold prior. Guide $1,200,000+

Positioned on a generous 1,071sqm level block, 22 Myall Street presents a rare opportunity to acquire substantial land in one of Canberra’s established Inner North suburbs. The existing residence is in tired condition though very livable. Whether extensively renovating the existing home or investigating a more substantial redevelopment, the scale and configuration of the site provide a strong foundation for a considered future outcome.

The property is exceptionally well connected, close to O’Connor Ridge, with St Joseph’s Primary School within walking distance and Lyneham’s village centre close by, including Tilley’s Devine, IGA, pharmacy, cafés and specialist retailers. O’Connor, ANU, Dickson, Braddon, the light rail and Canberra CBD are all readily accessible.

With the ACT’s Missing Middle housing reforms now in effect, greater scope exists to investigate a broader range of low-rise housing outcomes on suitable residential sites, including terraces, townhouses and other multi-dwelling forms, subject to zoning, design controls and approval. For those looking beyond the existing dwelling, this is a substantial Inner North landholding with genuine scope to consider what comes next.

• 1,071sqm level block with a highly usable configuration
• 3 spacious bedrooms
• Large kitchen, dining and living rooms
• Opportunity to renovate, redesign or investigate redevelopment
• Missing Middle reforms now in effect, expanding housing options
• Scope to investigate multi-dwelling and low-rise housing outcomes, subject to approval
• Established residential setting with excellent access to infrastructure and amenities
• Walking distance to St Joseph’s Primary School
• Close to Lyneham shopping village, including Tilley’s Devine, IGA, Bake4U, pharmacy, cafés and specialty retailers
• Convenient to ANU, Dickson, Braddon and Canberra CBD
• Easy access to the light rail network and Inner North employment and amenity
• A substantial parcel of land in an established and tightly held location
• Gas heating
• Internal size 120sqm
• Rates $1,852.72 p/q, Land Tax (if rented) $3,981.70
• Unimproved land value $1,280,000
• Weekly Rental $600 – $630 per week

Tree report available on request.

Disclaimer: Whilst all care has been taken to ensure accuracy, the material and information contained within are approximate only and no warranty can be given. MARQ 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.