8/1 Elouera Street, Braddon, ACT 2612 | Commercial for sale | OnTheHouse
 
FOR SALE
$550,000 or $42,000 per annum

8/1 Elouera Street
Braddon ACT 2612

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 57m2
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Commercial Opportunity at 'Midnight' in Braddon

Raine & Horne Commercial Canberra are pleased to offer Unit 8 'Midnight' for sale or lease.
Braddon, once known primarily for its service trades and vehicle sales, has undergone significant transformation since the Territory Plan variation in March 2008. As a result of its 'city fringe' designation, Braddon has evolved into one of Canberra's most vibrant precincts, now celebrated as a hub for living, working, and socialising. Locals often compare Braddon to Surry Hills in Sydney or Fitzroy in Melbourne.
Midnight is located at 92 Northbourne Avenue, directly adjacent to the Elouera Street light rail stop on Stage One of Canberra's light rail network, providing direct connections to the CBD, Dickson, and Gungahlin. The development also benefits from several bus routes at its doorstep. Midnight is a landmark mixed-use development by Geocon, Canberra's leading integrated property development, construction, and hotel management company. Designed in collaboration with internationally renowned Fender Katsalidis Architects, Midnight redefines the Northbourne Avenue corridor with its high-profile design and functionality. The development integrates directly with the light rail station, enhancing pedestrian connectivity and reinforcing its role as one of Canberra's premier mixed-use precincts.
Key features include 230 luxury residential apartments, 199 five-star hotel rooms (operated by Marriott), 1,500sqm of boutique commercial space and a 137 public car park. Midnight's 23 ground and lower ground floor commercial units range in size from 40sqm to 130sqm. Some tenancies offer street frontage to Northbourne Avenue and Mort Street, while others open onto an internal open-air atrium connecting to the hotel lobby. Current tenants include Geodetica, AJ Hair & Bridal, Forcefield Services, Ace Dental Care, The Midnight Bar & Braddon Merchant Restaurant.
Unit 8 is a 57sqm ground floor commercial space located in the open-air internal atrium, positioned directly beside a dramatic waterfall feature cascading from the hotel's infinity pool. The unit was formerly occupied by a barber shop. The unit comes with a 17sqm secure basement car park and a 3sqm storage cage on title.
Permitted uses in the Crown Lease include Business Agency, Community Activity Centre, Cultural Facility, Educational Establishment, Financial Establishment, Health Facility, Personal Services, Public Agency, Office, Religious-Associated Use, Restaurant and Tourist Facility.
For further information or to arrange an inspection, please contact Raine & Horne Commercial Canberra.
Note - fitout in photos not included.

Property Details for 8/1 Elouera St, Braddon

Building Type
Commercial
Floor Size
57m2
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About Braddon 2612

The size of Braddon is approximately 1.5 square kilometres. It has 5 parks covering nearly 15.2% of total area. The population of Braddon in 2016 was 5500 people. By 2021 the population was 6383 showing a population growth of 16.0% in the area during that time. The predominant age group in Braddon is 20-29 years. Households in Braddon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Braddon work in a professional occupation.In 2021, 38.10% of the homes in Braddon were owner-occupied compared with 29.20% in 2016.

Braddon has 6,089 properties. Over the last 5 years, Houses in Braddon have seen a 44.91% increase in median value, while Units have seen a 22.20% increase. As at 30 November 2025:

  • The median value for Houses in Braddon is $1,231,959 while the median value for Units is $539,565.
  • Houses have a median rent of $590 while Units have a median rent of $613.
There are currently 34 properties listed for sale, and 32 properties listed for rent in Braddon on OnTheHouse. According to Cotality's data, 266 properties were sold in the past 12 months in Braddon.

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Cody Edwards
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Raine & Horne Commercial Canberra
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