25-27 Garema PlaceCity ACT 2601
Property Details for 25-27 Garema Pl, City
Last Listing description (October 2023)
PROPERTY FOR SALE (Business not included)
25 Garema Place is a 2 level retail building in the heart of the entertainment district of Canberra's CBD. The building represents a rare opportunity to secure a 100% leased asset on a 10 year lease to a well run Hospitality operator.
Surrounded by many cafe's, restaurants and retailers. The building has approximately 240m2 of net lettable area and is a generational asset for it's next owner. Some of the primary features of the building are:
Unbeatable located in the heart of Canberra CBD
100% leased until 31/12/2031
Annual net rent of approximately $108,621 per annum.
- Land area of 139m2
The building is for sale for $2m.
Please contact Andrew Smith on 0409 600 471 for more information.
Please note: This is for the sale of the property only, it does not include the business. The business is operational and continuing.
Property History for 25-27 Garema Pl, City, ACT 2601
- 06 May 2024Sold for $1,799,000
- 31 Aug 2023Listed for Sale EOI
- 04 Aug 2016Sold for $1,900,000
Commute Calculator
Recent sales nearby
See more recent sales nearby
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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 3,286 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.
Suburb Insights for City 2601
Market Insights
City Trends for Houses
N/A
N/A
View TrendN/A
N/A
City Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
