19 Giles StreetKingston ACT 2604
Property Details for 19 Giles St, Kingston
Last Listing description (August 2023)
Burgess Rawson Presents a Unique Opportunity: Expressions of Interest for 19 Giles Street, Kingston.
The subject site is currently occupied by Goodstart Early Learning on a net lease expiring in 2024. The opportunity exists to negotiate a new lease with an alternative childcare operator, owner occupy or develop the site. Multiple uses exist under the zoning which can include but not limited to, business agency, education establishment, health facility, hospital, indoor recreation facility, office, place of worship, residential care accommodation, retirement village and many more.
Located in a prestigious and highly visible land holding on the main thoroughfare of Giles Street, this site presents an exceptional opportunity with strong holding income that allows any potential purchaser the opportunity to submit a DA for refurbishment or a new development de risking the site. Sites of this nature do not come along very often and will be sought after by owner occupiers, investors and developers.
Kingston is a vibrant suburb located in the Australian Capital Territory (ACT), specifically within the inner-south region of Canberra. Known for its lively atmosphere and diverse community, Kingston offers a unique blend of residential, commercial, and recreational spaces. One of the defining features of Kingston is its picturesque waterfront location along Lake Burley Griffin, which provides residents and visitors with stunning views and recreational opportunities. Giles Street in Kingston is a bustling and lively part of the suburb, offering a diverse range of amenities, shopping, and dining experiences. It plays a significant role in creating the vibrant atmosphere that characterizes Kingston as a sought-after destination in Canberra. Boasting over 7000 people Kingston is continuing to grow both residentially and commercially.
Highlights:
- 1,172sqm
- CF: Community Facilities Zoning
- Located in the heart of Kingston
- Development upside with strong holding income
Lessee: Goodstart Early Learning
Lease Term: 10 years
Lease Commencement: 27 September 2014
Lease Expiry: 26 September 2024
Net Income: $215,725 per annum (plus gst)
Taking Expressions of Interest, closing 4pm Friday 4 August 2023.
For more information, please reach out to Guy Randell on 0430 272 999 or James Baker on 0421 863 040
Property History for 19 Giles St, Kingston, ACT 2604
- 29 Aug 2023Sold for $3,970,000
- 06 Jul 2023Listed for Sale EOI closing 4 August 2023
- 09 Jun 2000Sold for $825,000
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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 5,012 properties. Over the last 5 years, Houses in Kingston have seen a -47.44% decrease in median value, while Units have seen a 29.42% increase. As at 30 September 2024:
- The median value for Houses in Kingston is $853,018 while the median value for Units is $691,397.
- Houses have a median rent of $615 while Units have a median rent of $620.
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