Skip to content Skip to main navigation

Property

Building inclusive
connected communities

Former Lyons public housing site sold for $16.4 million

Ian Bushnell 7 May 2019 1

The Junction, Lyons, formerly the Strathgordon public housing complex. Photo: Ian Bushnell.

A prime development site opposite the Woden Town Centre and marketed as The Junction has been sold for $16.4 million as part of the Government’s Asset Recycling Initiative program.

AJP Projects Pty Ltd, a company registered in Phillip, has bought the 23,289 square metre block on Melrose Drive, previously the site of the Strathgordon public housing complex.

The Suburban Land Agency said contracts were exchanged on the over-the-counter sale of Block 1 Section 70 Lyons a week after it was passed in at auction on 20 March, when five former public housing blocks in Griffith and Narrabundah were sold for a total of $84 million.

Further details about the sale are scant with agents unable to reveal those involved in AJP Projects or their plans for the site until settlement on 1 June.

The maximum number of dwellings allowed on the Lyons property is 492, with 70 required to be ‘affordable’.

Zoned RZ5  High Density residential, the site was marketed as a coveted position next to the Woden Town Centre.

“Locals have easy access to transport, infrastructure, and community services, as well as some of Canberra’s best schools. With the proposed second stage of Canberra’s Light Rail, Woden will be a modern and fully connected community—with property values to match,” the sales brochure said.

“Residents will enjoy some of Canberra’s finest amenities in their own backyard, with the rest of the city just minutes away.”

The sites are marketed for the SLA by JLL and Colliers International.


What's Your Opinion?


Please login to post your comments, or connect with
One Response to Former Lyons public housing site sold for $16.4 million
Filter
Order
bj_ACT 10:27 am 08 May 19

At least there are a small number of affordable housing spots locked in But just like the Red Hill development it looks like zero public housing sites being replaced.

Just another example of the ACT Government kicking out public housing tenants and sending them out to the distant suburbs of the south, north and west with no corresponding support services or community facilities.

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2019 Region Group Pty Ltd. All rights reserved.
the-riotact.com | aboutregional.com.au | b2bmagazine.com.au | thisiscanberra.com

Search across the site