FOR SALE
28 Nov at 11am 2024 at RWC Canberra, Braddon.

51 & 53 Ijong Street
Braddon ACT 2612

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1672m2
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Auction Time
Thu 28 Nov 11:00 am
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DA Approved Development Site in the Heart of Braddon

Ray White proudly presents 51 & 53 Ijong Street, Braddon ACT to the market.
Here is your opportunity to obtain two side by side blocks with Lease Variation Charges paid and attached active DA approved plans for 11 dwellings.
The current approved Development consists of 3 x three bedroom townhouses, 4 x two bedroom apartments and 4 x one bedroom apartments.
The two sites side by side encompass 1,672sqm of land and are only minutes to Braddon's Lonsdale Street and the Ipima Street Tram Stop.
The DA Approved Terry Ring plans have been thoughtfully designed to capture the North Facing sun to the rear of the property and the leafy park vistas to the Western side of the block. The completed apartments and townhouses will be sought after on the sales or rental market due to their size, location and design.
The site has been cleared and is ready for construction subject to final Building Approval of which Sellick Consultants have completed 50% of the Civil, Hydraulic and Structural design.
The properties are offered for sale in one line by Auction on 28 November at 11:00am to be held at RWC Canberra's Auction Room - Level 1/32 Lonsdale Street, Braddon ACT 2612.

Property Details for 51 & 53 Ijong St, Braddon

Building Type
Commercial
Land Size
1672m2

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About Braddon 2612

The size of Braddon is approximately 1.5 square kilometres. It has 5 parks covering nearly 15.2% of total area. The population of Braddon in 2011 was 4,556 people. By 2016 the population was 5,507 showing a population growth of 20.9% in the area during that time. The predominant age group in Braddon is 20-29 years. Households in Braddon are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Braddon work in a professional occupation. In 2011, 28.8% of the homes in Braddon were owner-occupied compared with 29.2% in 2016.

Braddon has 5,967 properties. Over the last 5 years, Houses in Braddon have seen a 26.58% increase in median value, while Units have seen a 25.94% increase. As at 31 October 2024:

  • The median value for Houses in Braddon is $1,240,109 while the median value for Units is $526,227.
  • Houses have a median rent of $570 while Units have a median rent of $600.
There are currently 41 properties listed for sale, and 41 properties listed for rent in Braddon on OnTheHouse. According to CoreLogic's data, 249 properties were sold in the past 12 months in Braddon.

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Daniel Mcgrath
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RWC Canberra
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