High-Margin Development Opportunity - DA Approved Corner Site

This ~1000m² corner site overlooking parkland offers a rare trifecta for the savvy developer: ideal development characteristics, unbeatable market positioning, and immediate financial advantages. Ideal Development Characteristics Optimal Canvas: Flat block with a north-to-rear aspect with approval to remove trees. Size: Large enough to accommodate single-storey construction. De-risked: Hit the ground running with approved separate title dual-occupancy plans. Unmatched planning entitlements: No limit to number of dwellings or GFA. Unbeatable Market Positioning Prestige Location: Overlooking parkland and Bordering Red Hill and Deakin, Hughes is a top-10 Canberra suburb in close proximity to affluent employment hubs. Maximum Street Appeal: Dual street frontages with two assigned addresses and driveways. Each dwelling feels like a standalone home, attracting buyers with standalone budgets. The "Downsizer Goldmine": Perfectly suited for two large single-storey dwellings-a product type extremely rare in the Woden/Inner South market despite massive demand. Family Appeal: Parkland offers an "infinite backyard" without the maintenance and is zoned for the "Category A" Alfred Deakin High and a short walk to Hughes Primary and Canberra College. Also within minutes of Canberra's most exclusive private schools. Prime Infrastructure: A short walk to Hughes shops and the future Stage 2B Light Rail, with Westfield Woden just a stroll through the park. Immediate Financial Benefits ~$100k in Savings: Lease variation is already paid and the site is exempt from the capital contribution charge. Strong Holding Income: Dual income providing $840/week on flexible month-to-month leases while you finalise your start date. Scalable Yield: While currently approved for two, the site allows for up to four dwellings (STCA) with concept plans available. Single-dwelling plans are also approved for maximum flexibility. Negotiable settlement period. Whilst all care has been taken to ensure accuracy, the material and information contained are approximate only and no warranty can be given. Bastion Property Group 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.