FOR RENT
By Negotiation

502/1 Launceston Street
Phillip ACT 2606

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 165m2
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All New Wova Prime retail Space

Located at the bustling corner of Launceston St and Furzer St, this brand-new retail tenancy offers unparalleled exposure and convenience. The high ceilings create an open and inviting atmosphere, perfect for a variety of uses.
Wova is the newest mix-used development in the Woden area combining high density living, professional office, hotel and retail.
This tenancy is suitable for:
• Health facility
• Community use
• Office space
• Retail store
• Restaurant
Features:
• 165sqm internal space
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Property Details for 502/1 Launceston St, Phillip

Building Type
Commercial
Floor Size
165m2

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About Phillip 2606

The size of Phillip is approximately 2.5 square kilometres. It has 17 parks covering nearly 27.4% of total area. The population of Phillip in 2011 was 2,083 people. By 2016 the population was 2,948 showing a population growth of 41.5% in the area during that time. The predominant age group in Phillip is 30-39 years. Households in Phillip are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Phillip work in a professional occupation. In 2011, 39.8% of the homes in Phillip were owner-occupied compared with 38.2% in 2016.

Phillip has 4,505 properties. Over the last 5 years, Houses in Phillip have seen a 46.29% increase in median value, while Units have seen a 46.63% increase. As at 30 September 2024:

  • The median value for Houses in Phillip is $615,779 while the median value for Units is $493,791.
  • Houses have a median rent of $560 while Units have a median rent of $555.
There are currently 66 properties listed for sale, and 17 properties listed for rent in Phillip on OnTheHouse. According to CoreLogic's data, 197 properties were sold in the past 12 months in Phillip.

Suburb Insights for Phillip 2606

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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.