Positioned on a generous 1109m² RZ2-zoned block, 273 Kingsford Smith Drive in Spence presents an exceptional opportunity for savvy investors, developers, or those looking to secure a foothold in a tightly held pocket of Belconnen. With Development Approval previously in place (now expired) for three townhouses, this property offers exciting redevelopment potential, subject to renewed approval.

The existing residence is a well-maintained four-bedroom, two-bathroom home that is currently tenanted on a month-to-month basis, returning $690 per week. Inside, the functional layout includes multiple living spaces including a central lounge, a spacious family room, and a separate dining area flowing from the updated kitchen, which includes a walk-in pantry. The main bedroom features its own ensuite and built-in robe, while the additional bedrooms all include robes and are serviced by a central bathroom and separate toilet.

The home also includes a full laundry with external access, a north-facing rear terrace for outdoor entertaining, and ample storage throughout. With its wide frontage and deep block, the site lends itself well to redevelopment while still offering solid holding income.

Located within walking distance to local schools, parks, and shops, and just minutes from Belconnen Town Centre, this is an address with both lifestyle appeal and strong future upside. Whether you're looking to develop, invest, or land bank, this is a rare offering not to be missed.

Key features:
- RZ2 zoned block
- DA previously in place (now expired) for three townhouses
- Two separate living areas
- Functional kitchen with walk-in pantry
- 80m2 garage & storage
- Spacious bedrooms
- Large, shady rear yard
- Convenient location

Key details:
Living: 160m2 approx.
Land: 1109m2 (small gradient and rectangular shaped)
Rates: $3,362.88 per annum (approx.)
Land Tax (if rented): $6,322 per annum (approx.)
Currently tenanted - $690 per week