517/70 Allara Street, City ACT 2601

New CBD one-bedder | The Grande amenities | no parking | 53sqm | compact layout This property is competitively positioned due to its near-new build and a resident amenity package that includes a pool, gym, cinema, and rooftop pavilion, features rarely found in a one-bedroom unit within the City suburb. Its central location, within walking distance of the Canberra Centre, Lake Burley Griffin, and public transport, makes it ideally suited for professionals seeking low-maintenance living or investors targeting strong rental demand from a walkable CBD workforce. The absence of dedicated parking and the compact 53sqm floorplan are the main factors that could moderate buyer interest, potentially narrowing the appeal to car-free renters or investors rather than owner-occupiers. The primary point needing scrutiny is how the market has priced similar units without parking in this newly completed development, as that alone will define whether this property offers value or requires a discount.