The release to market of Sierra in the inner south suburb of Narrabundah offers an opportunity to secure a development which is already substantially completed and pre-sold.

“The purchaser of 20 Leahy Close will find themselves in the rather unusual, but attractive position of only having a small amount of work to do before settlement and the security of knowing that the majority of homes already have buyers in place,” Colliers Head of Capital Markets & Investment Services ACT, Matthew Winter said.

The property comprises forty five (45) substantially complete two storey two, three and four bedroom townhouses. The development is being sold in one line with the purchaser responsible for completing the development, unit titling and completing sale contracts for the sold and exchanged units.

“The majority of homes are substaintially complete, with a few at lockup stage,” Paul Powderly Colliers National Director Development said. “29 of the townhouses are sold and exchanged, 12 are reserved for the Macedonian Orthodox Church and just 4 homes remain available for sale.

“This gives a purchaser unique transparency and certainty regarding potential costs and returns.”

Each of the townhouse units have double lockup garaging or basement car parking and quality design & finishes.

“Sierra is a ‘ready made’ opportunity for a developer located in a blue-ribbon location,” Mr Winter added. “Narrabundah is one of Canberra’s inner south gems and Seirra is surrounded by major amenities, outdoor recreational spaces and transport corridors. 

Sierra is being offered for sale via Expression of Interest (EOI) closing 16 December 2024.

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