OFF MARKET

10/22-30 Franklin Street
Griffith ACT 2603

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 38m2
Land area: 833m2
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Property Details for 10/22-30 Franklin St, Griffith

Building Type
Commercial
Floor Size
38m2
Land Size
833m2
Local Government
Canberra Central
Lot/Plan
GRIFFITH: Block 17, Section 1, Unit 10

Last Listing description (September 2022)

Located within the boutique Manuka retail/restaurant precinct and boasting excellent exposure to The Lawns is this 199sqm property. Comprising 3 strata lots of 38 sqm, 73 sqm and 88 sqm, this property is situated on the Palmerston Lane entry point to Manuka Arcade and features an extensive glass shop-front, air conditioning and common amenities. The property could relatively easily be divided into two areas of 88 sqm and 111sqm, but it is currently configured as on area of 199 sqm. The property has a broad purpose clause allowing for a myriad of uses providing the perfect opportunity for any owner occupier and or investor looking to acquire premises in the tightly held Manuka retail market.

Manuka is Canberra's boutique inner southern suburb, being located adjoining the Parliamentary Triangle and 5 minutes' drive to the CBD and 10 minutes to the airport. Enjoying the leafy surrounds of this affluent suburb and its cafes and restaurants, this location is ideal for a business that services the residents of the inner south and/or the nearby government departments.

Nearby businesses include Coles Supermarket, Vintage Cellars, Westpac, Commonwealth Bank, St George, ANZ, NAB, Manuka Pharmacy, Subway, Witchery, McDonald's, Fitness Grand, Grill'd, Urban Pantry, Escala Shoes, Carla Zampatti, Public Bar & many other quality national and local operators.

Note: In addition to the outgoings quoted, there is a special levy of $35,843.52 pa for roof replacement

Expressions of Interest Closing Thursday 17th March 2022.

Property History for 10/22-30 Franklin St, Griffith, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$2,070,000
24 Aug 2007
Listed for Rent
$19/w
15 Apr 2015
  • 09 Feb 2022
    Listed for Sale Expressions of Interest Closing 17th March
  • 13 Feb 2015
    Listed for Rent - Price not available
  • 30 Oct 2014
    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 3,431 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 16 properties listed for sale, and 12 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 140 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.