OFF MARKET

8/9 Sydney Avenue
Barton ACT 2600

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2648m2
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Property Details for 8/9 Sydney Ave, Barton

Building Type
Commercial
Year Built
2009
Land Size
2648m2
Local Government
Canberra Central
Lot/Plan
BARTON: Block 2, Section 27, Unit 8

Last Listing description (January 2020)

Premium strata investment within the Realm complex
Strong lease covenant to the worlds largest communications group (Annual billings of US$74 billion)
719sqm of office space with 14 secure basement car spaces

Exceptional conditions within the Barton office market
Limited forecast capital expenditure
Chances to secure investment opportunities in this location are rare

One of the best strata investments available in Canberra with a lease in place to the world's largest communications company, Unit 8 in 9 Sydney Avenue Barton occupies a prime north/west corner with expansive views to Parliament House and light to virtually all parts of the tenancy.

The Realm complex is widely regarded as one of the most prestigious mixed-use properties in the ACT and home to first-class businesses and industry. Located in close proximity to Parliament House, Manuka & Kingston, hotels and restaurants, the Realm is situated on the doorstep of large Commonwealth Government departments and premium residential suburbs.

Unit 8 has been occupied by the current owner since construction in 2009 and is currently set up with high-end conference facilities and training rooms as well as workstations and breakout space. The units orientation to the north/west offers expansive views up Sydney Avenue towards Parliament House and creates natural light to all parts of the tenancy. The unit includes 14 secure basement car spaces.

Yellow Edge is a subsidiary of WPP (www.wpp.com), the worlds largest communications group. Employing over 200,000 people across a range of sectors and industries and with annual billings of US$74 billion, WPP operates in 112 countries with over 3,000 offices and is listed on both the New York and London stock exchanges.

With a vacancy rate of 0% the Barton A-Grade office market is now one of the tightest in the country and investment opportunities of this calibre are rare. The sale of Unit 8 is an ideal chance to secure a strata property with exposure to this market and a strong global covenant offering stable income.

Inspections are welcomed and can be arranged by contacting the exclusive agents, Savills.

Property History for 8/9 Sydney Ave, Barton, ACT 2600

A timeline of how this property has performed in the market
Last Sold
$3,717,230
22 Apr 2008
Listed for Rent
$48k/w
16 Jun 2021
  • 02 Jul 2024
    Listed for Rent - Price not available
  • 02 Jul 2024
    Listed for Sale Contact Agent
  • 10 Jun 2019
    Listed for Sale Contact Agent
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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 1,449 properties. Over the last 5 years, Houses in Barton have seen a 62.41% increase in median value, while Units have seen a 21.72% increase. As at 31 August 2024:

  • The median value for Houses in Barton is $2,222,894 while the median value for Units is $649,359.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 6 properties listed for sale, and 6 properties listed for rent in Barton on OnTheHouse. According to CoreLogic's data, 79 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.