UNITS 25 & 26/28 University Avenue, City, ACT 2601 | Commercial for sale | OnTheHouse
FOR SALE
Expression of Interest closing Wed 10th Dec 2025

Units 25 & 26/28 University Avenue
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 530m2
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Canberra CBD Investment with Strong Covenant

Raine & Horne Commercial Canberra are pleased to offer Level 5, 28 University Avenue, Canberra City for sale by Expression of Interest (EOI) - a fully leased, high-quality office investment in the heart of Canberra's legal and professional precinct.
THE BUILDING
28 University Avenue is a nine-storey commercial office building occupying a prominent corner position on the western edge of Canberra's CBD. Ideally located within the legal and professional precinct, the property is bounded by University Avenue, Marcus Clarke Street, and Darwin Place. The location offers immediate access to a range of key amenities, including the Australian National University (ANU), the Law Courts, and a vibrant mix of cafés, restaurants, and professional services.
The building has recently undergone upgrades including the modernisation of both internal lifts. Each floor is fitted with male and female amenities, and the building features central air conditioning throughout. Leap & Latte Café and Ken Behrens Burgers on the the ground floor provides additional tenant amenity and daily foot traffic. Ample short and long-stay parking options are available nearby, including the City West Car Park and on-street parking directly outside the building. The property is also a short walk from the New Acton precinct and the Canberra Centre, ensuring connectivity and convenience.
Tenants at 28 University Avenue include E.D Hut, Tariru Japanese, Ramen Japanese, Sexual Health & Family Planning ACT (SHFPACT), Canberra Menopause Centre, Women With Disabilities ACT, Civic Insurance Brokers, Sheridan & Associates, Tranquill Legal, Migration and Notarial Services - Owen Harris, University Avenue Psychology, Skin by Dermatologists, Canberra Neurology, Families in Mind Psychology (Sonia Costello, Anna Huber, Liz Challis), Bolton & Co, The Home Loan Centre, Smile Sensations - General Dental Clinic & Implant Centre, Professional Visa & Education Services, Capital Settlement Services, Capability Support, Foster Johnson Family & Collaborative Lawyers, PKF Canberra - Chartered Accountants & Business Advisers, JS IAR International Media, FM88 C-Radio, Tetlow Legal - Business & Estate Lawyers, and Servegate Australia.
LEVEL 5
Level 5 comprises two strata units - Unit 25 (311sqm) and Unit 26 (219sqm) - which have been combined and leased as a single tenancy of 530sqm. The balance of Level 5 includes shared common areas such as male and female bathrooms, lift lobby, plant room, and fire stairs, which are managed and maintained by the strata. The tenancy features a modern, high-quality office fitout, including:
• Welcoming reception area
• Combination of open-plan workstations and private offices
• Meeting rooms and a large boardroom
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Property Details for Units 25 & 26/28 University Ave, City

Building Type
Commercial
Floor Size
530m2
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About City 2601

The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of total area. The population of City in 2016 was 4276 people. By 2021 the population was 4835 showing a population growth of 13.1% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation.In 2021, 36.30% of the homes in City were owner-occupied compared with 30.00% in 2016.

City has 3,345 properties. Over the last 5 years, Houses in City have seen a -18.58% decrease in median value, while Units have seen a 10.61% increase. As at 31 October 2025:

  • The median value for Houses in City is $589,001 while the median value for Units is $579,001.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 35 properties listed for sale, and 40 properties listed for rent in City on OnTheHouse. According to Cotality's data, 125 properties were sold in the past 12 months in City.

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Mark Nicholls
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Raine & Horne Commercial Canberra
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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.