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1 Hobart Place
City ACT 2601

Bedrooms: -
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Land area: 1m2
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Landmark Multi Tenant Building in the Heart of City West

1 Hobart Place is located in the vibrant City West precinct within close proximity to the Law Courts, Australian National University, public parking, cafes, bars & restaurants and is a short walk to the Canberra Centre.
The building has recently undergone a refurbishment to its common areas and as such has attracted numerous high quality tenants with little vacancy left in the building. The building also has a fantastic full service café on the ground floor and is close walking distance to public transport hubs and public parking options.
Areas Available:
• Level 2 - 180.32 sqm - Fully fitted out
• Level 3 - 170 sqm -Fully fitted out
• Level 6 - 172.74 sqm - Fully fitted out, available 1 April '24
• Level 8 - 90 sqm - Warm shell
• Level 8 - 89 sqm - Warm shell
These units represent a fantastic opportunity for a private sector business to locate themselves in the heart of the City West precinct and have great natural light through out the tenancies.

Property Details for 1 Hobart Pl, City

Building Type
Commercial
Land Size
1m2

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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 3,286 properties. Over the last 5 years, Houses in City have seen a -6.14% decrease in median value, while Units have seen a 12.78% increase. As at 31 October 2024:

  • The median value for Houses in City is $584,044 while the median value for Units is $574,883.
  • Houses have a median rent of $610 while Units have a median rent of $650.
There are currently 46 properties listed for sale, and 44 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in City.

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Daniel Mcgrath
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RWC Canberra
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