Blue Chip Position with Endless Opportunities Boasting an enviable position in the heart of arguably the Inner North's most sought-after suburb, 5 MacPherson Street, offers a rare opportunity. Situated on a perfectly rectangular block of 766 sqm with no significant trees and RZ2 zoning allowing for redevelopment (STCA). The residence features a functional floor plan with large living spaces complemented by high ceilings throughout. Accommodation comprises three bedrooms all with built-in storage. Currently tenanted, it offers the new purchase income from the start whilst they do their plans for a new home or development. Located opposite O'Connor Shops and within close proximity to ANU and Canberra Town Centre, the location simply doesn't get any better. * Highly-sought after locale * Three bedrooms with built-in robes * Functional kitchen * Large open-plan living spaces * Endless opportunities to recreate, redevelop, or land bank in a blue-chip suburb * No significant trees * Opposite O'Connor shops * RZ2 zoning Rates: $5,212pa (approx.) Land Tax: $9,708pa (approx. if rented out) UCV: $1,134,000 (2023) Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must rely on their own enquiries. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.