FOR RENT
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45 East Row
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 160m2
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Ground floor retail in CBD bus interchange

Raine & Horne Commercial Canberra are pleased to offer this absolute prime ground floor retail unit for lease.
• Fantastic frontage to bus interchange
• 160sqm regular shaped tenancy
• Open plan fitout
• Suitable for a variety of uses including food and retail
These premises form part of the iconic Sydney Building and presents a rare opportunity to locate your business in Canberra's most recognised CBD landmark.
The Sydney and Melbourne Buildings form the gateway to the Canberra City precinct. Their stretching collonades are lined with quality restaurants, retail shops and bars. These highly prominent and recognisable buildings are rich in history and heritage value. The historic Sydney and Melbourne buildings have a special place in the hearts of Canberrans. Built in the early stages of Canberra's formation, the buildings sit right in the heart of the city centre on either side of the main approach road into the national capital.
Due to the importance these buildings hold in the physical and social history of Canberra, in addition to preparing for the construction of the Stage Two Light Rail (City to Woden), the ACT Government are currently upgrading and extending the verges and internal laneways of the Sydney and Melbourne Buildings, providing additional space for retailers, cyclists and pedestrians. Key elements of the project include reclaiming of a section of road verge, removal of stepped thresholds at the building colonnades, upgrade of stormwater infrastructure, construction of vaulted tree pits, planting of mature street trees, high end granite paving, architectural street furnishings, raised cycle lanes, LED feature lighting and traffic signal upgrades.
If you would like further information on this opportunity, or to arrange a private inspection, please contact Mark Nicholls of Raine & Horne Commercial Canberra on 0417 239 551!

Property Details for 45 East Row, City

Building Type
Commercial
Floor Size
160m2

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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 3,289 properties. Over the last 5 years, Houses in City have seen a -2.25% decrease in median value, while Units have seen a 14.79% increase. As at 30 September 2024:

  • The median value for Houses in City is $677,336 while the median value for Units is $577,166.
  • Houses have a median rent of $600 while Units have a median rent of $650.
There are currently 44 properties listed for sale, and 40 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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Mark Nicholls
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Cody Edwards
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Raine & Horne Commercial Canberra
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