1/38-46 O'Hanlon Place, Nicholls, ACT 2913 | Commercial for sale | OnTheHouse
 
FOR SALE
EOI closing 18 June 2026 at 4pm

1/38-46 O'Hanlon Place
Nicholls ACT 2913

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 8008m2
Land area: 21765m2
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A True 'Set and Forget' Opportunity

Leumeah Lodge, operated by 'the Y' (founded as YMCA) is a fully self-contained accommodation complex, completed in 2015. Offering 60 hotel style rooms with various configurations accommodating up to eight people each, plus a separate 2 bedroom apartment, Leumeah Lodge specialises in tourist, group and school accommodation bookings however also operates as a serviced hotel when available.
Available for sale by Expressions of Interest, this is a unique offering of a quality, freestanding building on a lot area of circa 8,000 square metres. Forming part of a Units Plan a parent site of 21,765 square metres, Leumeah Lodge occupies Unit 1, encompassing the buildings and surrounding land with the strata unit boundary, essentially creating a free-standing structure within the Units Plan.
Having being in occupation since development, 'the Y' have recently committed to a new 10 year term until March 2036, on a fully net lease.
Key Features:
• Quality, 60 room accommodation complex
• Single 10 year net lease to YMCA,
• Net income of $1,106,329.79 pa plus GST*
• Premium, growing tourist location -12 minutes from CBD
• Very stable investment in high demand property sector
Leumeah lodge is for Sale by Expressions Of Interest closing 18 June 2026 at 4pm.
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Property Details for 1/38-46 O'Hanlon Pl, Nicholls

Building Type
Commercial
Floor Size
8008m2
Land Size
21765m2
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About Nicholls 2913

The size of Nicholls is approximately 6.7 square kilometres. There are 13 parks, covering nearly 51.5% of the total area. The population of Nicholls in 2016 was 6865 people. By 2021 the population was 6680 showing a population decline of 2.7% in the area during that time. The predominant age group in Nicholls is 50-59 years. Households in Nicholls are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nicholls work in a professional occupation.In 2021, 84.10% of the homes in Nicholls were owner-occupied compared with 82.00% in 2016.

Nicholls has 2,500 properties. Over the last 5 years, Houses in Nicholls have seen a 14.32% increase in median value, while Units have seen a 27.66% increase. As at 30 June 2026:

  • The median value for Houses in Nicholls is $1,278,881 while the median value for Units is $869,060.
  • Houses have a median rent of $795 while Units have a median rent of $680.
There are currently 11 properties listed for sale, and 4 properties listed for rent in Nicholls on OnTheHouse. According to Cotality's data, 94 properties were sold in the past 12 months in Nicholls.

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Steven Shang
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