8 & 10 Callabonna Street

Positioned for what comes next.

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/).