FOR SALE
$675,000

6/38 Gartside Street
Wanniassa ACT 2903

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 110m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Erindale Retail Investment

This well-located retail property in the bustling suburb of Wanniassa offers a stable income with a long-term tenant in place. With no outgoings recovered from the tenant, the property provides a predictable and hassle-free investment. The lease includes a 5-year option, ensuring continued tenancy beyond the current lease term. The rent increase scheduled for 2026 further enhances the property's future income potential.
The broad permitted usage give many potential usage for a future proof of this property. permitted usages including Retail, Take away, health facility, liquor shop, Vet hospital, Office, indoor recreation, light industry, manufacture and storage.
Lease Term: Till April 2026
Lease Option: 1x 5 Years Option
Current Rent: $42,980.00 per annum
Rent Increases: Fixed rent until 14/04/2026, then increases to $45,129.00 per annum, fixed for the next five years
Outgoings Recovered: Nil
Outgoings:
Water Rates: $747.04 per annum
Strata Levies: $6,869.39 per annum
See More

Property Details for 6/38 Gartside St, Wanniassa

Building Type
Commercial
Floor Size
110m2

Commute Calculator

About Wanniassa 2903

The size of Wanniassa is approximately 5.4 square kilometres. It has 24 parks covering nearly 22.9% of total area. The population of Wanniassa in 2011 was 7,786 people. By 2016 the population was 7,525 showing a population decline of 3.4% in the area during that time. The predominant age group in Wanniassa is 60-69 years. Households in Wanniassa are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wanniassa work in a professional occupation. In 2011, 74.4% of the homes in Wanniassa were owner-occupied compared with 76.2% in 2016.

Wanniassa has 3,215 properties. Over the last 5 years, Houses in Wanniassa have seen a 51.04% increase in median value, while Units have seen a 25.03% increase. As at 31 October 2024:

  • The median value for Houses in Wanniassa is $872,910 while the median value for Units is $507,308.
  • Houses have a median rent of $650 while Units have a median rent of $500.
There are currently 3 properties listed for sale, and 9 properties listed for rent in Wanniassa on OnTheHouse. According to CoreLogic's data, 98 properties were sold in the past 12 months in Wanniassa.

Wanniassa Profile Page

Suburb Insights for Wanniassa 2903

Visit Wanniassa profile page
Market Insights
Wanniassa Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Wanniassa Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Wanniassa profile page
Contact agent
Steven Shang
Show contact details
Call agent
RWC Canberra
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED