OFF MARKET

42 Northbourne Avenue
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 202m2
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Property Details for 42 Northbourne Ave, City

Building Type
Commercial
Land Size
202m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 12, Section 48

Last Listing description (September 2016)

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.

Property History for 42 Northbourne Ave, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$3,032,000
08 Aug 1997
Listed for Rent
16 Sep 2016
  • 26 Aug 2016
    Listed for Rent - Price not available
  • 26 Mar 2015
    Listed for Rent - Price not available
  • 17 Nov 2014
    Listed for Rent - Price not available
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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 3,277 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:

  • 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 54 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.