91/43 Constitution AvenueReid ACT 2612
Property Details for 91/43 Constitution Ave, Reid
Last Listing description (May 2023)
Belle Property Commercial Canberra are pleased to bring to market a 395sqm ground floor commercial unit in the Jamieson House development in Reid. Designed by award-winning Phillip Cox Architecture, this development proudly sits in close proximity to some of Canberra's most iconic landmarks including the Australian War Memorial, Commonwealth Park, Lake Burley-Griffin and the National Convention Centre.
The site will be absolute prime position for an end-user to take advantage of the proposed University of New South Wales campus, to be constructed next door. The new campus will be located in the centre of Canberra's research and innovation corridor on sites either side of Constitution Avenue in Reid and Parkes. It will be a give minute walk from the CBD and will neighbour some of Canberra's anchor instructions with ANU and CSIRO on the west and the Australian Defence Force Academy and Defence and Intelligence Headquarters in Russell to the east.
This 395sqm, ground floor commercial unit boasts fantastic exposure to Constitution Avenue. Unit 91 offers the new occupier great visibility and signage potential, in addition to the large captive audience of city apartment dwellers in and around the development. With large, double swing doors and floor-to-ceiling shopfront, the property allows for the following usages:
- Indoor Recreation Facility (gym, and ancillary usages)
This unit also comes with a DDA compliant toilet as well as eight secure basement carparks on title at an additional cost of $2,500 per bay per annum +GST. Our client is motivated and willing to work with a tenant to create a competitive lease package.
Please note that this property will soon be fitted out at the landlords expense.
For more information or to arrange an inspection, please do not hesitate to contact the exclusive listing agents Nathan Dunn or Paul Douglas-MacDonald of Belle Property Commercial Canberra.
Property History for 91/43 Constitution Ave, Reid, ACT 2612
- 08 Nov 2022Listed for Rent $177,305 / year
- 24 Mar 2022Sold for $1,265,000
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About Reid 2612
The size of Reid is approximately 1 square kilometres. It has 7 parks covering nearly 16.5% of total area. The population of Reid in 2011 was 1,582 people. By 2016 the population was 1,645 showing a population growth of 4.0% in the area during that time. The predominant age group in Reid is 20-29 years. Households in Reid are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Reid work in a professional occupation. In 2011, 41% of the homes in Reid were owner-occupied compared with 38.2% in 2016.
Reid has 1,510 properties. Over the last 5 years, Houses in Reid have seen a 41.13% increase in median value, while Units have seen a 39.34% increase. As at 31 October 2024:
- The median value for Houses in Reid is $2,208,920 while the median value for Units is $524,617.
- Houses have a median rent of $600 while Units have a median rent of $575.
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