9 Brisbane AvenueBarton ACT 2600
Property Details for 9 Brisbane Ave, Barton
Last Listing description (August 2011)
Investment Asset with 12 year lease to Commonwealth of Australia and residential redevelopment potential
Lawley House is located on the corner of the Lakeside Boulevard, Bowen Drive in the suburb of Barton, in what is commonly regarded as the Parliamentary Precinct of Canberra.
This ex-government hostel was constructed in 1948 and is predominantly built with brick walls, timber floors and a terracotta tiled roof. The property was comprehensively refurbished in the late 1990's.
•This educational facility is leased to the Commonwealth until June 2022 with a 5 year option
•The lease is double net at $2.75 Million pa ex GST with structured 4% reviews from 2012
•Massive 14,710sqm. site adjacent to beautiful parkland facing Lake Burley Griffin
•Partially already zoned residential with obvious potential for medium/high rise residential development, this opportunity is of significant scale suitable to a major developer
•It is equally suitable to an investor seeking blue chip income with an assured exit strategy
Property History for 9 Brisbane Ave, Barton, ACT 2600
- 01 Apr 2021Sold for $60,500,000
- 25 Oct 2013Sold for $32,100,000
- 11 May 2011Sold for $31,750
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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.
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