Development blocks up for auction in Canberra’s Kingston Foreshore precinct

Three development blocks are going up for auction in a week’s time in Canberra’s Kingston Foreshore precinct, located within The Peninsula.

These harbourside blocks are of 2,413 square metres, 2,653 square metres and 4,859 square metres are being offered for sale individually.

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Each of the sites is zoned ‘mixed use’ and are being sold by CBRE’s Mark Nicholls and Andrew Stewart, who have been appointed by the Land Development Agency.

The potential for the blocks to be used as a commercial and residential precinct is a selling factor, said Nicholls.

“This is a rare opportunity for astute developers to purchase harbourside property with a diverse mix of outcomes,” he said.

“The Peninsula will offer the perfect combination of relaxed living with the excitement of a harbourside lifestyle. The surrounding Jerrabomberra Wetlands and nearby Norgrove Park further complement these properties.”

The auction, on February 12, will be held at 11am for all three blocks.

In September last year, Doma Group purchased a Kingston Foreshore site for $11.7 million. The area currently has a number of significant commercial tenants, including a Rustica, Cox Architecture, Max Brenner, Bloc and Vintage Cellars.

jduke@propertyobserver.com.au

 


Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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