SOLD
Sold on 05 Apr 2024 for $1,072,500

8-10 Petrie Plaza
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 279m2
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Property Details for 8-10 Petrie Plza, City

Building Type
Commercial
Land Size
279m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 2, Section 14

Last Listing description (November 2022)

The Savings House is a mixed-use, three-level office and retail building. It offers retail space on the ground floor and office space on the upper levels in a variety of tenancy sizes.

Retail shops have access to tenancies from the rear to enable delivery direct to their premises.


This prime retail frontage is in the heart of Canberra City, adjacent to Bailey's Corner and just 100 metres from the Canberra Centre.

A wide range of shops, cafes and restaurants, major banks and other amenities are only a stone's throw away. Substantial parking is located nearby, enabling easy access for tenants and customers alike.

Available:

Ground, Shop 3 - 232m2
Level 1, Suite 2 - 89.5m2
Level 1, Suite 4 - 48.8m2
Level 1, Suite 5 - 68.9m2
Level 2, Suite 3 - 71m2
Level 2 Suite 2 - 221.6m2

For more information, photos or to arrange a private viewing contact Armin on 0423 319 397.

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Property History for 8-10 Petrie Plza, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$1,072,500
05 Apr 2024
Listed for Rent
$7/w
15 Nov 2022
  • 05 Apr 2024
    Sold for $1,072,500
  • 13 Feb 2018
    Listed for Rent - Price not available
  • 26 Apr 2017
    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 3,286 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.
There are currently 46 properties listed for sale, and 44 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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