FOR SALE
Sale $1,300,000 +GST/Lease $85,000+Outs+GST

332/240 Bunda Street
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 130m2
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Rare City Centre Retail Unit for Purchase and Lease

Manhattan on the Park comprises 330 residential apartments over 16 levels located within the Canberra CBD adjacent to Glebe Park, the Canberra Centre, Casino Canberra and large office and commercial buildings. This retail tenancy is located on the prime corner of Bunda & Akuna Streets.
Features:
Size: 130sqm of retail space
Amenities: Includes 1 car park
Facilities: Connection to grease trap
Suitable For: Perfectly suited for cafe and restaurant use
Location: Prime location just across the street from Canberra Centre and Canberra Casino, property is sounding by high density living.
Surroundings: Surrounded by high-density apartment developments, offices, restaurants, and retailers
Permitted usage: Restaurant, Shop and Non-Retail Commercial use
Outgoings:
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Property Details for 332/240 Bunda St, City

Building Type
Commercial
Floor Size
130m2

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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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