7/48 Botany Street, Phillip, ACT 2606 | Commercial for sale | OnTheHouse
 
FOR SALE
Offers Over $3.8m

7/48 Botany Street
Phillip ACT 2606

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 845m2
Land area: 1.1ha
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Prime Commercial Investment - Approx 6% return on your investment.

An exceptional opportunity to secure a high-performing commercial investment in one of Phillip's most prominent and accessible locations.
Positioned within the sought-after RZ3 Urban Residential Zone, this property benefits from zoning objectives that encourage medium-density development, urban intensification, and mixed-use environments. The RZ3 zone promotes redevelopment, sustainable housing choices, and integration with public transport and local amenities-making it ideal for long-term investment and growth 1.
This expansive 845 sqm property is currently leased to a reputable long-term tenant, The Salvation Army, on a 5-year lease ending September 2029, with a further 5-year option to relet. The lease includes a fixed 3% annual rent review, applicable during both the initial term and the relet option, ensuring consistent income growth.
Key Investment Highlights:
Net Lettable Area: 845 sqm
Net Passing Income: $227,896 p.a.
(equivalent to $269.70 per sqm)
Outgoings:
Rates: $106,572 p.a.
Body Corporate: $30,092 p.a.
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Property Details for 7/48 Botany St, Phillip

Building Type
Commercial
Floor Size
845m2
Land Size
1.1ha
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About Phillip 2606

The size of Phillip is approximately 2.5 square kilometres. It has 17 parks covering nearly 27.4% of total area. The population of Phillip in 2016 was 2936 people. By 2021 the population was 5197 showing a population growth of 77.0% in the area during that time. The predominant age group in Phillip is 30-39 years. Households in Phillip are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Phillip work in a professional occupation.In 2021, 48.70% of the homes in Phillip were owner-occupied compared with 38.20% in 2016.

Phillip has 6,049 properties. Over the last 5 years, Houses in Phillip have seen a 25.90% increase in median value, while Units have seen a 46.09% increase. As at 30 November 2025:

  • The median value for Houses in Phillip is $637,161 while the median value for Units is $552,398.
  • Houses have a median rent of $570 while Units have a median rent of $570.
There are currently 55 properties listed for sale, and 32 properties listed for rent in Phillip on OnTheHouse. According to Cotality's data, 291 properties were sold in the past 12 months in Phillip.

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Ben Stevenson
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Blackshaw Manuka
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