5 Mort StreetCity ACT 2601
Property Details for 5 Mort St, City
Last Listing description (April 2017)
CBRE is proud to present 62 Northbourne Avenue, a six level office building with ground floor, mezzanine, and duel street frontage to Northbourne Avenue and Mort Street with the added bonus of 109 basement car spaces.
This attractive modern office building underwent a significant refurbishment in 2007, and is currently achieving a 5.0 Star NABERS Energy Rating which is above the benchmark requirement for Commonwealth tenants.
10,217sqm NLA approx.
Lease expiry June 2026
100% leased to Commonwealth of Australia
The property fronts Northbourne Avenue, the major arterial route through the central Canberra CBD. It also has a rear frontage to Mort Street. This property is conveniently located within 100 metres of City Walk and the Canberra Centre, the heart of retailing and entertainment in the city. This precinct houses a variety of Commonwealth and private enterprise tenants including:
Department of Employment, Australian Taxation Office, ACTEW AGL, Department of Veterans Affairs, Telstra.
The office building presents a sensational investment opportunity right in the heart of Canberra's CBD on the door step of Canberra's main thoroughfare.
62 Northbourne Avenue is for sale via an International Expressions of Interest campaign closing 3:00pm (AEST) Wednesday 17 August 2016.
Property History for 5 Mort St, City, ACT 2601
- 16 Oct 2021Sold for $78,226,966
- 28 Jul 2016Listed for Sale For Sale Contact Agent
- 24 Oct 2008Sold for $38,000,000
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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.
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