FOR SALE
POA

21-24/28 University Avenue
City ACT 2601

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Office Suites For Sale or Lease - Flexible Sizes Available

Centrally located in the City West business precinct, this fourth floor office suite is available for either sale or lease, available immediately. Currently fitted out as one tenancy of 189 sqm, there is the flexibility to subdivide into smaller areas, starting at 37 sqm.
This is a prime opportunity to own your own premises, at entry level pricing. Alternatively, the market for small office leasing opportunities is limited, so this would suit a tenant looking to lease, or an investor looking to lease out.
The breakdown of areas is as follows:
Unit 21 - 37 sqm
Unit 22 - 43 sqm
Unit 23 - 43.5 sqm
Unit 24 - 65.5 sqm
The floor has common area toilet facilities and a kitchenette.
Enquire now to discuss your requirements and how we can accommodate them with this flexible offering.

Property Details for 21-24/28 University Ave, City

Building Type
Commercial

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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 3,288 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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Daniel Mcgrath
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RWC Canberra
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