Issue 59 I The Property Development Review

ACT Opportunities

• Expansive 5,363.4 sqm GFA • New Town Centre Coming to Molonglo • Massive Population Growth Forecast • Little Competition

Section 29 Block 3, Wright, ACT, 2611 • Significant development footprint • Gross Floor Area: 5,363.4m2 • Zoning: CF (Community Facilities)

Situated perfectly between Wright and Coombs, and adjacent to the new KOKO mixed-use development featuring Woolworths, BWS, Aldi, Capital Chemist, and various commercial outlets, it’s ideally positioned. Currently home to around 13,000 residents, the Molonglo Valley’s population is expected to skyrocket to 83,000 by 2050. This development will deliver urgently needed infrastructure and community amenities to support this thriving region. Wright, a vibrant and emerging suburb in Canberra’s Molonglo Valley, is celebrated for its modern housing, strategically planned infrastructure, and focus on sustainable, community-oriented living. As one of the valley’s pioneer suburbs, Wright is on the brink of further expansion, with plans for new shopping centres, schools, and essential services to boost convenience and liveability. Accessibility is a massive perk here, offering smooth connections to major roads and public transport, linking Wright’s residents effortlessly to Canberra’s City Centre, Woden Town Centre, Belconnen, and beyond—making commutes to work and school a breeze. Please contact Jesse Lorenz +61 403 142 119 directly for further information.

A rare opportunity in a tightly held and heavily contested area. With limited commercial prospects, this is an opportunity not to be missed. Highlights: • DA Approved Childcare Centre and State of the Art Medical Centre • Childcare Net Income: $448,000 pa + GST • Medical Indicative Income: $1,700,000 pa + GST • Ideal time to meet growing community and medical service demands The development boasts two distinct buildings: a 112-place childcare centre, already pre-leased to the renowned national educator Edge Early Learning, and a substantial four-storey, architecturally designed medical facility that includes a basement and community centre. There’s room for specialists, hospital services, and a suite of medical offerings. Development Commitment from National Childcare Group • Approved 112-Place Childcare Centre • Strong Medical Sector Interest

124 – February / March 2025

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