Colliers, on behalf of Deloitte as Receivers & Managers, are pleased to present a unique investment opportunity at 20 Leahy Close, Narrabundah. Recognised as the ‘Sierra’ residential development, the property comprises 45 substantially progressed two-storey townhouses, featuring 2, 3, and 4-bedroom configurations.
Situated on a large landholding of 1.012ha* in the elevated southern section of Narrabundah, the property offers stunning views over the surrounding valley and reserve. It is conveniently located near major amenities and transport corridors, with Red Hill shops just a 5-minute drive away and easy access to Hindmarsh Drive.
Investment Highlights:
• Blue ribbon inner south location with panoramic views.
• Immediate access to major amenities and transport corridors of the Inner South.
• Large landholding of 1.012ha.
• Approved BA and DA expiring 29 March & 7 April 2025.
• Substantially progressed townhouses with existing pre-sales, providing a ready-made opportunity:
- 12 units returned to Macedonian Orthodox Church
- 29 units sold and exchanged
- 4 units available for sale
• Quality design and finishes, targeting premium pricing for unsold units.
• Attractive opportunity for value-add purchasers and developers to step in and complete the project.
Inspections are by appointment only and will be conducted by the exclusive selling agents, Colliers.
Prospective purchasers are invited to submit their Expression of Interest on an ‘as is’ basis.
*All outlines and areas are approximate only
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