FOR RENT
POA depending on term and requirements

1 Farrell Place
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 60m2
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Refurbished and Affordable Office Accommodation

1 Farrell Place is a 9 level commercial office building comprising of a single basement car park (plus storage), ground floor level and seven upper levels of office accommodation. The building was designed with a main ground floor entry to the building off Farrell Place leading to a foyer area with two lifts and two stairwells that provide access to the basement and the upper levels.
The Ground Floor provides commercial grade office accommodation on either side of the foyer with the service core centrally located against the rear wall.
1 Farrell Place was recently purchased by a local investor and have since had some great success in attracting new tenants via their recent building upgrades and proactive approach to the market.
1 Farrell Place has the below vacancy:
• Level 5 - Tenancy Two - 59.29sqm - Near new fit out in place.

Property Details for 1 Farrell Pl, City

Building Type
Commercial
Floor Size
60m2

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About City 2601

The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of total area. The population of City in 2011 was 2,824 people. By 2016 the population was 4,261 showing a population growth of 50.9% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation. In 2011, 29.9% of the homes in City were owner-occupied compared with 30% in 2016.

City has 3,317 properties. Over the last 5 years, Houses in City have seen a -3.37% decrease in median value, while Units have seen a 17.15% increase. As at 31 August 2024:

  • The median value for Houses in City is $709,333 while the median value for Units is $584,313.
  • Houses have a median rent of $615 while Units have a median rent of $645.
There are currently 42 properties listed for sale, and 39 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in City.

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