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Sold on 10 Nov 2024 - Price Unavailable

Elouera Street
Braddon ACT 2612

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 54m2
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Property Details for 14/1 Elouera St, Braddon

Building Type
Commercial
Floor Size
54m2

Last Listing description (November 2024)

Raine & Horne Commercial Canberra are pleased to offer Unit 14 'Midnight' Braddon as a tenanted investment.

Developed and built by esteemed developer, Geocon and designed by world-renowned architect, Fender Katsalidis, Midnight is located in on the prominent City Gateway site adjacent to the Elouera Street light rail stop on Northbourne Avenue. The Midnight development comprises 230 high-end residential apartments, a 200-room 5-star Marriott hotel, 23 ground-floor and lower ground-floor commercial tenancies and a 137-space public car park.

The 23 ground-floor and lower ground-floor commercial units comprise a range of boutique style commercial tenancies ranging from 40sqm to 130sqm with some having external frontage onto Mort Street and Northbourne Avenue and others facing into an internal atrium linked to the hotel lobby. Current occupiers include Boy + Co Barber Studio, AJ Hair & Bridal, Geodetica, The Vein Institute, Bauerfeind, Flawless Boutique Skin Clinic, Forcefield Services, DesignHer Beauty, Australian Corporate Advisory, Night Nurse Skin Clinic, Expert Orthopaedics, Solution Tech, Podiatry Professionals Sports Hub, The Midnight Bar and the Braddon Merchant Restaurant.

Unit 14 is a 54sqm rectangular-shaped tenancy located within the open-air internal atrium adjacent to a magnificent waterfall feature flowing down from the hotel infinity pool. The property comes with a secure basement carpark and storage cage on title. The unit has a brand-new 5+3 year brand-new NET lease in place to DesignHer Beauty commencing on 1st March 2024 at $30,000pa +GST plus 100% of outgoings (rates, strata & water charges).

For further information or to arrange an inspection, please contact Raine & Horne Commercial Canberra.

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Property History for 14/1 Elouera St, Braddon, ACT 2612

A timeline of how this property has performed in the market
Last Sold
10 Nov 2024
  • 10 Nov 2024
    Sold
  • 08 May 2024
    Listed for Sale Price on Application

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About Braddon 2612

The size of Braddon is approximately 1.5 square kilometres. It has 5 parks covering nearly 15.2% of total area. The population of Braddon in 2011 was 4,556 people. By 2016 the population was 5,507 showing a population growth of 20.9% in the area during that time. The predominant age group in Braddon is 20-29 years. Households in Braddon are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Braddon work in a professional occupation. In 2011, 28.8% of the homes in Braddon were owner-occupied compared with 29.2% in 2016.

Braddon has 6,026 properties. Over the last 5 years, Houses in Braddon have seen a -5.97% decrease in median value, while Units have seen a 23.40% increase. As at 30 November 2024:

  • The median value for Houses in Braddon is $1,143,689 while the median value for Units is $520,777.
  • Houses have a median rent of $580 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 44 properties listed for rent in Braddon on OnTheHouse. According to CoreLogic's data, 257 properties were sold in the past 12 months in Braddon.

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Mark Nicholls
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Cody Edwards
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Raine & Horne Commercial Canberra
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