A TURNER block on Northbourne Avenue has sold at auction today (June 28) for $59.3 million.
The development site was released by the Suburban Land Agency and has the potential for up to 477 residential dwellings.
The block is a total of 16,303 square metres, with a subdivision splitting the site into two portions – Block 3 (north) and Block 4 (south).
Section 57 Block 4 was auctioned online today and bought by Turner G Pty Ltd ATF Turner G Trust and Fresh Suburb Pty Ltd.
The block is jointly managed by selling agents JLL and Colliers International.
Located on Canberra’s major entry corridor, the site runs alongside Greenway Street and Forbes Street.
Who can be trusted?
In a world of spin and confusion, there’s never been a more important time to support independent journalism in Canberra.
If you trust our work online and want to enforce the power of independent voices, I invite you to make a small contribution.
Every dollar of support is invested back into our journalism to help keep citynews.com.au strong and free.
Thank you,
Ian Meikle, editor
Leave a Reply