FOR RENT
By Negotiation

Shop 1/51-57 Northbourne Avenue
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 154m2
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Large 150m2 Retail Unit Space Melbourne Building

51-57 Northbourne Ave is located iconic Melbourne Building fronting busy Northebourne Ave, The building comprising retail, office, and hospitality businesses.
Now available for lease, Unit 1 is 150m2 in size and currently fitted out as a personal services / body waxing business.
This large fitted out unit will suit any number of uses.
Features;
- Ground floor location with large shopfront, great exposure.
- Front reception desk and waiting area
- 8 separate treatment rooms
- 1 spray tanning booth
- 1 storeroom
- Meals area
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Property Details for Shop 1/51-57 Northbourne Ave, City

Building Type
Commercial
Floor Size
154m2

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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 3,313 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 39 properties listed for sale, and 37 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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Steven Shang
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RWC Canberra
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.