3-7 Wall Place, Page, ACT 2614

Burgess Rawson is pleased to present for Auction 3-7 Wall Place Page. 

The three residential properties will be sold in one line, presenting an excellent opportunity for a potential townhouse, unit, or multi-home development, subject to council approval (STCA). This offering provides significant scope for developers or investors looking to capitalize on future growth and development potential in the area close to a major town centre. 

These three well-positioned properties offer significant potential for development, with a combined total land area of 2681sqm. 

Breakdown: 
- 3 Wall Place, on 821 sqm, is currently vacant and features a 3-bedroom, 1-bathroom home with a 2-car garage, boasting an EER rating of 1 star. 
   - Recently Vacated 

- 5 Wall Place, with 858 sqm of land, is tenanted until September 2025 and offers a 3-bedroom, 1-bathroom detached home with a 2-car garage, also rated EER 1 star. 
   - Tenanted - Rented at $29,640 per annum

- 7 Wall Place, sitting on 1002 sqm, is tenanted until April 2025 and includes a 3-bedroom, 1-bathroom detached home with a 2-car garage, rated EER 0.5 star. 
   - Tenanted - Rented at $29,640 per annum

All properties are habitable and can be used as investment properties whilst you explore your development options, they are zoned RZ2 - Suburban Core, providing the opportunity for multi-unit residential development or options under the RZ2 zoning with minimal assessment track such as childcare centre, health facility, retirement village, residential care accommodation, making them an attractive option for future growth. 

Nestled in Canberra’s Belconnen district, Page is a peaceful, family-friendly suburb established in the late 1960s. Known for its welcoming community, Page offers a mix of original homes and modern townhouses, catering to families, retirees, and professionals. Its proximity to the Belconnen Town Centre and excellent connectivity to Canberra’s city centre add to its convenience. The suburb features several green spaces, and provides access to quality schools, early childhood centres, shopping centres, medical facilities, and public transport. With Belconnen’s population of over 106,000 projected to grow by 8.3% by 2041, Page offers a connected yet quiet lifestyle, with ongoing development contributing to steady property value growth and investment potential.

Investment Highlights:
-	Small Boutique Development Opportunity
-	Large land holding 2681sqm
-	Close to Belconnen Town Centre
-	Investment income whilst you seek approvals - $88,920 (3 to be tenanted)
-	Belconnen is projected to grow by 8.3% by 2041

For more information, please contact Guy Randell on 0430 272 999 and Jace Youngberry on 0415 155 759.

Auction Wednesday 19 March 2025 at 12pm - Onsite 3 Wall Place, Page