SOLD
Sold on 13 Sep 2024 for $1,100,000

159/45 Eastlake Parade
Kingston ACT 2604

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 73m2
Land area: 4938m2
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Property Details for 159/45 Eastlake Pde, Kingston

Building Type
Commercial
Year Built
2015
Floor Size
73m2
Land Size
4938m2
Local Government
Canberra Central
Lot/Plan
KINGSTON: Block 1, Section 64, Unit 159

Last Listing description (December 2023)

Ray White Commercial Canberra are delighted to offer 159/45 Eastlake Parade, Kingston. A prime opportunity to secure a 158 sqm unit in the heart of Kingston on the bustling strip of Eastlake Parade, amongst all the very best of what Kingston has to offer. Surrounded by residential dwellings and restaurants Eastlake Parade as ample foot traffic.

The key attributes of 159/45 Eastlake Parade include:
158 sqm unit

Additional 11sqm out door area
1 basement car park
Sold vacant possession

This tenancy is being offered for sale vacant possession, giving you the freedom to transform the space into the perfect environment for your business or investment. With its prime location, you can take advantage of the growth potential of this sought-after area and capitalise on the increasing demand for commercial property in Kingston.

Purpose Clause allows following usage
Aquatic recreation facility
Club
Community use EXCLUDING place of worship and religious sue
Craft workshop
Drink establishment
Indoor Entertainment facility
Indoor recreation facility
Non retail commercial
Office
Place of assembly
Restaurant
Shop

Property History for 159/45 Eastlake Pde, Kingston, ACT 2604

A timeline of how this property has performed in the market
Last Sold
$1,100,000
13 Sep 2024
  • 13 Sep 2024
    Sold for $1,100,000
  • 27 Feb 2023
    Listed for Sale By Negotiation
  • 18 Dec 2015
    Sold for $733,200
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About Kingston 2604

The size of Kingston is approximately 1.4 square kilometres. It has 8 parks covering nearly 8.1% of total area. The population of Kingston in 2011 was 2,978 people. By 2016 the population was 4,417 showing a population growth of 48.3% in the area during that time. The predominant age group in Kingston is 20-29 years. Households in Kingston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingston work in a professional occupation. In 2011, 35.3% of the homes in Kingston were owner-occupied compared with 40.2% in 2016.

Kingston has 5,000 properties. Over the last 5 years, Houses in Kingston have seen a -21.38% decrease in median value, while Units have seen a 24.54% increase. As at 31 October 2024:

  • The median value for Houses in Kingston is $1,322,501 while the median value for Units is $688,314.
  • Houses have a median rent of $625 while Units have a median rent of $620.
There are currently 40 properties listed for sale, and 21 properties listed for rent in Kingston on OnTheHouse. According to CoreLogic's data, 231 properties were sold in the past 12 months in Kingston.

Suburb Insights for Kingston 2604

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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.