One of the last prime parcels of waterfront land in Canberra’s Kingston Foreshore urban renewal precinct has been put up for sale by the ACT Government.
Construction around Kingston Foreshore in October 2015. Photo: Melissa Adams
CBRE’s Andrew Stewart and Mark Nicholls have been appointed to sell the 3697-square-metre site which has north-facing views over Lake Burley Griffin.
The property on Honeysett View, Kingston, is the 14th land release for Kingston Foreshore, with 13 development sites sold on the foreshore since 2007.
New bars and restaurants are opening as off-the-plan apartment sales continue. Photo: Supplied
Mr Stewart said the new site was “the best of the best” in the vibrant and rapidly evolving Kingston Foreshore precinct, where new bars and restaurants were opening and off-the-plan apartments sales were continuing.
“Over the past nine years, Kingston Foreshore has continued its popularity with each land release attracting strong more diverse developer interest,” he said.
Mr Nicholls said strong interest was expected from residential developers and hotel operators who wanted to capitalise on a waterfront position in the landmark Canberra project.
Conjunctional selling agent Wayne Harriden, of Independent Property Group, said previous waterfront developments on the foreshore had achieved strong success.
“We have witnessed incredible demand for residential opportunities at Kingston Foreshore, with all units offering water views selling out quickly in the Element, Atelier, Peninsula and Azure projects,” Mr Harriden said.
“There has also been outstanding demand for penthouse apartments that offer views across Lake Burley Griffin, with these prestigious properties generally the first to sell.”
Mr Harriden said the strength was further demonstrated by the re-sale of waterfront units, which were snapped up quickly at premium prices.