Situated on the main gateway to Canberra, this flexible property offers the perfect chance to break into the bustling CBD retail, bar and restaurant strip. Notable features include extensive glass shop front facing Northbourne Avenue, great signage opportunities, amenities, grease trap, exhaust facilities and rear loading.
Spanning over 2 levels, the property allows for flexible floor plates with areas for lease ranging from 577 sqm to 1,225sqm. Although previously trading as a popular night spot, it will still suit a range of operators including personal service and office users.
Nearby tenants include McDonald's Rams Home Loans, Quick n Go, Zambrero's, IGA & a great mix of local restaurants, cafes and bars.
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 3,277 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:
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