OFF MARKET

50 Marcus Clarke Street
City ACT 2601

Bedrooms: -
Bathrooms: 2
Car spaces: 2
Land area: 4799m2
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Property Details for 50 Marcus Clarke St, City

Building Type
Land
Land Size
4799m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 9, Section 31

Last Listing description (March 2012)

The Only Major 6 Star Green Star building in the Canberra CBD
Colliers International is delighted to offer for sale 50 Marcus Clarke Street, Canberra CBD.
50 Marcus Clarke Street is a Premium Grade asset that is a rare opportunity to buy in the Australian market with its high quality features and central location at the epicentre of Canberra???s CBD. It is the only major 6 Star Green Star building in the Canberra CBD.

This new, energy efficient, 12 storey commercial office building is the headquarters for the Federal Government Department of Education, Employment and Workplace Relations (DEEWR) in Canberra.
Site Area
4,801m??(approx)
Net lettable area
40,201m?? (approx)
Estimated Net Income
$16,716,386 per annum excludes GST (approx)
Tenancy Profile
The property is the new headquarters for the Federal Government Department of Education,
Employment and Workplace Relations (DEEWR) in Canberra.
Lease Terms
15 years, commenced 23rd May 2010
Energy Rating
The property is designed to perform at a 5-star NABERS
Energy rating and has achieved a 6 Star Green Star rating.
Parking and Storage
The property provides 424 basement car spaces,
22 motorcycle spaces, 185 bicycle spaces and 735m??of storage
Method of Sale
50 Marcus Clarke Street, Canberra is offered For Sale by
Expressions of Interest closing 26th August 2011 at 4pm
at the offices of Colliers International

Property History for 50 Marcus Clarke St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
10 Sep 2021
  • 10 Sep 2021
    Sold
  • 24 Mar 2017
    Sold for $321,000
  • 23 Feb 2012
    Sold for $225,888
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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 3,288 properties. Over the last 5 years, Houses in City have seen a -2.25% decrease in median value, while Units have seen a 14.79% increase. As at 30 September 2024:

  • The median value for Houses in City is $677,336 while the median value for Units is $577,166.
  • Houses have a median rent of $600 while Units have a median rent of $650.
There are currently 44 properties listed for sale, and 40 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 140 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.