111/227-229 Flemington RoadFranklin ACT 2913
Property Details for 111/227-229 Flemington Rd, Franklin
111/227-229 Flemington Rd, Franklin is a 0 bedroom, 0 bathroom Unit and was built in 2014. The property has a land size of 7984m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (July 2022)
Belle Property Commercial Canberra are pleased to bring to market for sale, a 172 sqm fully fitted out ground floor tenancy in the heart of Gungahlin. Part vacant possession, part leased, this provides the astute owner-occupier the ability to walk into a fit-out worth hundreds of thousands of dollars, all while generating additional rental income from a tenant occupying part of the unit.
Aamira Apartments is a mixed-use development comprising 105 spacious apartments and 5 commercial tenancies over 4 levels, with a basement car park. Inclusions consist of a gymnasium, tennis court and extensive landscaped areas for use by the residents and commercial tenants. The project is located right on the light rail corridor of Flemington Road in the highly desirable suburb of Franklin.
The building has been designed by the award-winning Architects Ring and Associates, one of Canberra's most highly regarded commercial/residential architecture firms.
The tenancy itself has glass frontage to Flemington Road, the main thoroughfare connecting Gungahlin to the Inner North/CBD. Gungahlin is Canberra's fastest growing Town Centre, and according to the last ABS Census data, the second fastest growing Town Centre in Australia.
Commercial opportunities in this precinct are rare and highly sought after, however, Unit 111 comes with the additional benefit of a full fitout already in place. Previously occupied by a dental practice, the space is comprised of:
- Commercial grade flooring
- Large reception area
- Two large consulting rooms with lead-lined gyprock sheeting
- Integrated ceiling grid, tiles and lighting throughout
- Kitchenette
- Storage room
- Disabled unisex bathroom
Rear tenancy - leased to Brushed Beauty Salon. The owner has advised that they are currently holding over month-to-month paying $1,673.71 GST inc GST + 40.7% of the electricity charges.
Quarterly statutory outgoings provided by owner:
Water Rates $171.58
Rates $1,220.00
Body Corporate $1,836.80
This property is available for sale immediately. Please contact the exclusive marketing agents, Nathan Dunn for more information or to arrange an inspection.
Property History for 111/227-229 Flemington Rd, Franklin, ACT 2913
- 15 Jul 2022Sold for $720,000
- 20 May 2022Listed for Sale Price on Application
- 26 Sep 2016Listed for Rent - Price not available
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About Franklin 2913
The size of Franklin is approximately 2.3 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Franklin in 2011 was 3,807 people. By 2016 the population was 6,421 showing a population growth of 68.7% in the area during that time. The predominant age group in Franklin is 30-39 years. Households in Franklin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Franklin work in a professional occupation. In 2011, 69.5% of the homes in Franklin were owner-occupied compared with 55.5% in 2016.
Franklin has 2,851 properties. Over the last 5 years, Houses in Franklin have seen a 43.84% increase in median value, while Units have seen a 31.05% increase. As at 31 October 2024:
- The median value for Houses in Franklin is $1,088,457 while the median value for Units is $501,821.
- Houses have a median rent of $675 while Units have a median rent of $548.
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