SOLD
Sold on 08 Dec 2023 for $11,125,000

1-7 Bougainville Street
Griffith ACT 2603

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1020m2
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Property Details for 1-7 Bougainville St, Griffith

Building Type
Commercial
Land Size
1020m2
Local Government
Canberra Central
Lot/Plan
GRIFFITH: Block 1, Section 1

Last Listing description (September 2022)

Attractive incentives on offer for the right tenant !

Arguably Manuka is Canberra's Mosman with its boutique fashion and wide choice of restaurants. And Bougainville Street is one of the most sought-after locations in the Manuka precinct for fashion retailers.

The Manuka precinct is a part of Canberra's affluent inner south that boasts a wide variety of dining options, boutique clothing stores and entertainment facilities. The area is surrounded by major public service departments that are situated in nearby Barton, Parkes and Forrest which adds to the steady flow of visitors to the area.

The M Centre is a prominent retail shopping centre bounded by Bougainville Street, Flinders Way and Palmerston Lane. The tenancy mix includes two popular restaurants, a hairdresser & barber, nail salon, florist, and several national fashion retailers including Blue Illusion, Motto , Anthony Squires and Fellahamilton. In addition, adjacent businesses include Carla Zampatti and Sheridan.

This 58sqm shop was previously occupied by Motto who relocated within the M Centre to a larger premises. The shops existing fit out would suit a fashion retailer with a full glass shopfront to Bougainville Street. Other features include access to internal toilets plus gas and grease trap points. Ample public car parking is provided in the immediate vicinity.

The owners preference is for fashion boutique or gift ware although the shop may suit other uses.

Property History for 1-7 Bougainville St, Griffith, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$11,125,000
08 Dec 2023
Listed for Rent
06 Aug 2019
  • 08 Dec 2023
    Sold for $11,125,000
  • 21 Mar 2019
    Listed for Rent - Price not available
  • 27 Aug 2018
    Listed for Rent - Price not available
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About Griffith 2603

The size of Griffith is approximately 2.8 square kilometres. It has 19 parks covering nearly 18.3% of total area. The population of Griffith in 2011 was 3,899 people. By 2016 the population was 4,571 showing a population growth of 17.2% in the area during that time. The predominant age group in Griffith is 20-29 years. Households in Griffith are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Griffith work in a professional occupation. In 2011, 52.2% of the homes in Griffith were owner-occupied compared with 53% in 2016.

Griffith has 3,435 properties. Over the last 5 years, Houses in Griffith have seen a 46.27% increase in median value, while Units have seen a 25.13% increase. As at 31 October 2024:

  • The median value for Houses in Griffith is $2,003,618 while the median value for Units is $596,958.
  • Houses have a median rent of $610 while Units have a median rent of $545.
There are currently 19 properties listed for sale, and 12 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 144 properties were sold in the past 12 months in Griffith.

Suburb Insights for Griffith 2603

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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.