Land for auction – Prime Canberra!
THE FIRST stage of a new Canberra suburb will go under the hammer this month and some of the territory’s most powerful property developers are lining up to open their cheque-books.
North Weston bounded by Streeton Drive, Cotter Road and Unwin Place forms the gateway to future residential development in Molonglo. The prime slab of real estate is close to transport and existing facilities and can accommodate up to 100 new homes.
The upcoming sale has attracted a huge amount of interest from land developers and speculation within the commercial real estate industry is rife as to who will walk away with the prized stretch of land.
It is understood Village Building Company, Canberra Investment Corporation, Delfin and AV Jennings are among more than 40 developers or consortiums to be in the running on auction day.
The Land Development Agency will auction the 14ha on June 24, through commercial real estate agent Raine and Horne. The site provides the opportunity to create a residential development about 10km from Canberra central business district and 6km from Woden Town Centre (source).