38-40 Discovery Street, Red Hill ACT 2603

Auction Location: On Site.

Presenting a unique and exciting opportunity to capitalise in a sought-after location, this generous 892m2 block currently housing two spacious 3 bedroom apartments is now available for purchase with the potential for re-development subject to development approval. Situated just minutes from parks, shops and excellent schools, you could easily make this your dream home or turn it in to a worthy investment for the future.

Set back from the street, the apartments feature large living areas, expansive windows and a leafy outlook. Neutral interiors, soft floor coverings and original kitchens and bathrooms, mean these properties present a blank canvas, just waiting for your design acumen.

Alternatively, if it's one large dwelling you are after, the block could be converted to accommodate your needs given the flexibility its current floor plan offers. With a low maintenance garden and garage plus carport also on offer, the potential here is endless.

This central pocket of Canberras Inner South is also very conveniently positioned close to Red Hill Primary School and Canberra Grammar School; and handy to the Manuka shopping precinct and the quality restaurants of the Kingston foreshore. With so much possibility set in such an ideal location, the property offers a multitude of options for your family or your investment portfolio.

Features Include:
- Northerly aspect with views of Black Mountain to rear of property
- RZ2 Zone
- Large backyard
- Shared double garage plus double carport
- Separately metered for gas and electricity

Top Apartment
- Large sunlit living/family area
- Separate dining space
- Gas wall heater
- Three spacious bedrooms, two with large built in wardrobes
- Bathroom with shower and separate bath
- Separate toilet
- Internal laundry
- Gas cooktop
- Kitchen overlooks backyard
- 152.29m2 of living

Ground Floor Apartment
- Combined living/family area
- Separate dining space
- Gas wall heater
- Three spacious bedrooms, two with large built in wardrobes
- Electric cooking
- Bathroom with shower and separate bath
- Separate toilet
- Internal laundry with external access to backyard
- Kitchen overlooks backyard
- 141.22m2 of living space

Double Garage - 35.77m2
Carport - 29.68m2

*Both apartments currently rented*