This incredible 996m premium land parcel on a classic 'Old Canberra' tree lined street is a rare opportunity. For sale for the first time in almost 25 years, the location, substantial floor plan and sheer land size in one of the inner north's most convenient locations, is a must see for the savvy investor looking to landbank with a strong return or someone looking to build their forever dream home. The charming Ainslie character home is mostly original and substantial in design and size and features a versatile multipurpose floorplan to suit different living options. The home has always produced a considerable rental return and rarely ever seen any downtime in vacancy throughout its ownership with its unique layout consisting of effectively two homes in one. Currently achieving a dual income of $1,075 per week on a month-to-month basis. The periodic tenancies give the home's new owner the option to maintain the home as an investment while getting plans and approval in place or the option look to build their dream straight away if ready, it's up to you. Arguably one of Canberra's most convenient locations in close proximity to Canberra City and Braddon with Canberra's vibrant restaurant, nightlife, shopping and commerce. Pop into the fantastic Ainslie Shops with everything you need at a local including a grocer, cafes, bakeries, and local pub, Edgar's Inn. An active lifestyle opportunity awaits on the doorstep to Mt Ainslie and its adventure trails as well as walking distance to Lake Burley Griffin and the fantastic Ainslie Shops. *Agent Interest* Features: • 996m block • Premier inner north block ready for your dream home • Currently leased at $1,075 per week • UCV $1,308,000 • Substantial home with considerable rental return • Walking distance to the Canberra CBD, Lake Burley Griffin, local shops & Mt Ainslie • Close proximity to local schools, transport, shops and amenities • Option to landbank this opportunity with strong rental yields • Build your new home as well as a separately titled home on this blue chip block under the new Dual Occupancy rules Disclaimer: The material and information contained within this marketing is for general information purposes only. AM Property Agency does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained in the above copywrite. We strongly encourage interested parties to make their own independent enquiries. Interested parties should not rely upon this material as a basis for making any formal decisions.