TURNER | 1211m² RZ3 DEVELOPMENT SITE - INNER NORTH OPPORTUNITY
AT A GLANCE
Land size: 1211m² (opportunity to extend to 2245m2 with next door)
Zoning: RZ3
Rates: approx. $3,083 p.q.
Land Tax: approx. $6,471 p.q.
Current Rent: $7,618 per month (3 dwellings)
THE OPPORTUNITY
A substantial 1211m² RZ3-zoned landholding in Turner, positioned across from Haig Park & 2 blocks from the Northbourne Corridor - one of Canberra's fastest-growing precincts, linking straight into the CBD and beyond.
RZ3 zoning opens the door to an urban infill project aligned with the ACT Government's Missing Middle vision, making this a genuine development-grade opportunity in one of the Inner North's most tightly held suburbs.
A further land acquisition opportunity exists with 16 Greenway St on the market to grow the development site potential to 2245m2 total.
WHY TURNER
A short walk to light rail, Braddon's café and retail strip, and the City centre
Consistently strong demand in a leafy, established, high-amenity pocket
Direct connectivity via the Northbourne Corridor growth spine
HOLDING INCOME AND FLEXIBILITY
The block isn't sitting idle - a tenanted home is already in place, generating $7618 per month on a periodic lease. That gives a purchaser breathing room: hold for income while plans are finalised, or explore repositioning the existing dwelling.
WHO THIS SUITS
Primarily developers chasing a well-located infill site with strong fundamentals - though the existing home also gives owner-occupiers a pathway to a Turner address now, with upside to unlock later.
Sites of this calibre in Turner don't come up often. Contact us to find out more.
