FOR SALE
$430,000

Suite 8, Level 2/28 University Avenue
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 109m2
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Price Reduced! City Centre Stata Office Unit

Units 8 Level 2, 28 University Avenue Canberra City is a fantastic opportunity to purchase an impressive office unit of 109 sqm located within the burgeoning City West precinct. This unit presents well and has just had new, high-grade carpet installed.
The existing fit-out consists of a reception area, board room, 3 offices and an efficient open plan work area. Currently lease to a professional office user on a monthly ongoing arrangement.
The building is serviced by two lifts and is within walking distance to major public parking facilities including the city west car park. The unit has great views over the ANU and west Canberra.
Great opportunity to purchase premises in the tightly held CBD area. With the continuing redevelopment of the City West precinct.

Property Details for Suite 8, Level 2/28 University Ave, City, ACT 2601

Building Type
Commercial
Floor Size
109m2

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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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Steven Shang
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Daniel Mcgrath
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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.