10 Schlich Street, Yarralumla, ACT 2600

1,727m² Combined Landholding | RZ2 Zoning | $3.642M Combined UCV

In one of Canberra's most exclusive, tightly held enclaves, this is a property offering unlike any other. 8 and 10 Schlich Street, Yarralumla are now being offered to the market as a combined opportunity, creating a dual-title, 1,727m² landholding with RZ2 zoning and a wealth of current and future potential.

With two well-maintained homes already in place-including a large, multi-residence dwelling at No. 10 and a uniquely landscaped garden retreat at No. 8-this rare package is perfectly positioned for redevelopment, high-yield rental investment, multi-generational family living, or an iconic family estate just minutes from Lake Burley Griffin and Parliament House.

10 Schlich Street – A Landmark Residence with History, Scale & Versatility

Set on a generous 935m² block, this impressive 407m² property once housed the renowned Solander Art Gallery and has since been thoughtfully transformed into a flexible home of substantial scale and possibility.

Upper Level:

3 well-appointed bedrooms, including a master suite with private ensuite
Spacious open-plan living and dining area
Large modern kitchen with premium appliances
Two balconies with leafy outlooks
Stylish main bathroom and full laundry
Ground Level – Three Self-Contained Units:

Residence 1: 2 bedrooms, 2 bathrooms, kitchen, laundry
Residence 2: 2 bedrooms, 1 bathroom, kitchen, laundry
Residence 3: 2 bedrooms, 1 bathroom, kitchen
Each unit has a separate entrance, ideal for short or long-term rental income, extended family accommodation, or guest use.

Additional Features:

Ducted heating and cooling
Three private courtyards
Carport with room for 6 cars
This is a home designed to flex and grow with its owners-or deliver outstanding returns as a high-performing investment.

8 Schlich Street – A Garden-Integrated Home with Character and Charm

On a 792m² block, this two-storey residence is a peaceful retreat designed to embrace the outdoors, from a tranquil Japanese courtyard to a newly paved backyard with seating and a water feature-offering a private sanctuary unlike anything else in the area.

Interior Features:

4 spacious bedrooms, including a downstairs master suite with ensuite and private courtyard
Updated bathrooms and laundry with backyard access
Central kitchen with timber benches, butler's prep area, bamboo flooring
Separate formal dining and living rooms with outdoor access
Hydronic heating and ceiling fans throughout
Timber carport, secure off-street parking, and a generous workshop/shed
Currently comfortable and inviting, this property also holds significant value as part of a larger redevelopment vision.

The Combined Offering – A Rare Opportunity in RZ2 Zoning

Total land size: 1,727m² approx. across two titles
Combined Unimproved Capital Value: $3,642,000 (2024)
Existing accommodation across both homes includes:
13 bedrooms
8 bathrooms
5 kitchens
4 laundries
Highly sought-after RZ2 zoning – offering scope for boutique redevelopment
Five existing independent living residences across both properties
Exceptional rental income potential or multi-generational accommodation
Option to develop, hold, live in, or land bank
Location Highlights:

Steps to Lake Burley Griffin, Weston Park, and Royal Canberra Golf Club
Easy access to embassies, top schools, and The Parliamentary Triangle
Moments from Yarralumla shops, Deakin dining precinct, and Canberra's CBD
Beautiful tree-lined street surrounded by character homes and established gardens
Whether you're a developer looking for your next blue-chip project, a visionary homeowner seeking space and flexibility, or an investor focused on location and long-term growth, 8 and 10 Schlich Street, Yarralumla represent an opportunity of rare scale, zoning, and prestige.

For further information or to arrange a private viewing, contact Mina Etminan at Luton Properties Manuka.