OFF MARKET

7/40 Blackall Street
Barton ACT 2600

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3625m2
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Property Details for 7/40 Blackall St, Barton

Building Type
Commercial
Land Size
3625m2
Local Government
Canberra Central
Lot/Plan
BARTON: Block 8, Section 9, Unit 7

Last Listing description (August 2023)

Unit 7 of 40 Blackall Street, Barton presents both owner occupiers and investors with a rare opportunity to acquire an office investment in the heart of the Parliamentary Triangle. The property is being offered up for Sale - vacant possession by way of Private Treaty.

40 Blackall Street is situated in a tightly held location enjoyed by owner occupiers and tenants seeking proximity to Parliament House, key Government decision makers and the amenities offered within Canberra's Inner South. The building is positioned on a large site fronting Blackall Street and adjacent to the Governor Place precinct which provides a high level of surrounding amenities and car parking for visiting clientele.


The building is currently undergoing a significant refurbishment program which includes painting the entire external facade, new building signage, boxing out the entry columns, and the under-croft ceiling at the entry point of the building to be replaced with a modern wooden slated finish.

Unit 7 is 492sqm in size and is positioned on the top floor of the multi-storey strata building, which boasts views back towards Lake Burley Griffin.

The tenancy is being offered up for Sale on a vacant possession basis and will include the existing bioethics presents in great condition. The fitout consists of a reception desk, boardroom for 12 people, 2 meeting rooms, kitchenette, 13 offices, 13 open plan work stations, 2 balconies and internal bathrooms.

Other features include an abundant of natural light, and generous car parking allocation of 13 bays on title. The fit out has benefited from recent refurbishments which include a brand new A/System installed in 2021, bathrooms renovated in 2018 and a new kitchen fit out in 2017.

Unit 7 presents purchasers with an asset which requires limited capital expenditure in the near term and an opportunity to acquire an office space in an unrivalled inner south location.

Please contact Tristan Cotchett from CBRE for further information.

Property History for 7/40 Blackall St, Barton, ACT 2600

A timeline of how this property has performed in the market
Last Sold
$3,155,000
04 Jul 2023
  • 04 Jul 2023
    Sold for $3,155,000
  • 12 Dec 2022
    Listed for Sale Contact Agent
  • 19 Apr 2011
    Sold for $2,135,000
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About Barton 2600

The size of Barton is approximately 2.1 square kilometres. It has 14 parks covering nearly 21.5% of total area. The population of Barton in 2011 was 1,186 people. By 2016 the population was 1,449 showing a population growth of 22.2% in the area during that time. The predominant age group in Barton is 30-39 years. Households in Barton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Barton work in a professional occupation. In 2011, 49.9% of the homes in Barton were owner-occupied compared with 46.1% in 2016.

Barton has 1,429 properties. Over the last 5 years, Houses in Barton have seen a 63.84% increase in median value, while Units have seen a 31.11% increase. As at 30 September 2024:

  • The median value for Houses in Barton is $4,653,427 while the median value for Units is $701,441.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 8 properties listed for sale, and 8 properties listed for rent in Barton on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Barton.

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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.