A 175-strong parcel of single residential dwelling blocks in the new Gungahlin suburb of Taylor will start at $285,000 when they going under the hammer next week in a two-day auction at Exhibition Park.
Independent Property Group, which is auctioning the blocks for the Suburban Land Agency, said it was one of the few releases by the SLA to disclose reserve prices, providing a realistic guide for buyers.
The blocks range from 315 square metres to 938 square metres with the highest reserve at $530,000.
IPG’s Wayne Harriden said it was the cheapest SLA-owned land on the market in Gungahlin.
The auction will take place on 21 and 22 of November at the Fitzroy Pavilion, Exhibition Park. Check-in opens at 8 am and the auction will begin at 9 am. Photo identification and a 5 per cent deposit is required.
To pre-register, go to https://independent.com.au/sales/buy/project/1/register
The SLA said 14 residential blocks in Taylor sold at auction on the Wednesday week for a combined total of $4,707,000.
The remaining blocks – within walking distance of the proposed local centre site, the Margaret Hendry School and the future district playing fields – are now available for sale over the counter as packaged lots.