OFF MARKET

13-15 Constitution Avenue
City ACT 2601

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 29982m2
Land area: 2276m2
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Property Details for 13-15 Constitution Ave, City

Building Type
Commercial
Floor Size
29982m2
Land Size
2276m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 13, Section 11

Last Listing description (April 2017)

JLL is proud to present for sale a 100% interest in the Finlay Crisp Centre, Canberra via an Expressions of Interest process closing 4:00pm Thursday 8th September 2016.
The Finlay Crisp Centre is a landmark three building office complex, strategically located in the Civic precinct the heart of Canberra s CBD.
Encompassing an entire city block, the Finlay Crisp Centre enjoys three prominent street frontages to Constitution Avenue, Allara Street and London Circuit, three of Canberra s most highly sought after addresses.

Fully occupied and leased to the Commonwealth of Australia and Australian Capital Territory (ACT) Government tenants until mid-2019 and 2020 respectively, the Finlay Crisp Centre offers a highly desirable income stream.
With a combined weighted average lease expiry (WALE) by area of 3.24 years as at 1 August 2016, opportunities exist for an incoming purchaser to progressively reposition the building s physical attributes while enhancing both the income and tenancy profile to create substantial longer term capital growth.
Prime location in the heart of Canberra s core commercial precinct
An entire CBD block of 8,844 sqm
100% leased to Federal and ACT Government tenants
Total net lettable area of 29,982 sqm and 315 car spaces
WALE by area of 3.24 years at 1 August 2016
Current passing net income of $11.36m (approx.)
4.5-star NABERS Energy Ratings

Property History for 13-15 Constitution Ave, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$15,679,423
14 May 2020
  • 14 May 2020
    Sold for $15,679,423
  • 04 Aug 2016
    Listed for Sale Not Disclosed
  • 17 Jun 2008
    Transferred
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About City 2601

The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of total area. The population of City in 2011 was 2,824 people. By 2016 the population was 4,261 showing a population growth of 50.9% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation. In 2011, 29.9% of the homes in City were owner-occupied compared with 30% in 2016.

City has 3,275 properties. Over the last 5 years, Houses in City have seen a -6.14% decrease in median value, while Units have seen a 12.78% increase. As at 31 October 2024:

  • The median value for Houses in City is $584,044 while the median value for Units is $574,883.
  • Houses have a median rent of $610 while Units have a median rent of $650.
There are currently 43 properties listed for sale, and 55 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 143 properties were sold in the past 12 months in City.

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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.