49 Lathlain StreetBelconnen ACT 2617
Property Details for 49 Lathlain St, Belconnen
Last Listing description (August 2013)
A-GRADE INVESTMENT
THE GOOD GUYS - 49 LATHLAIN STREET, BELCONNEN.TWO STOREY FREESTANDING PROPERTY OF BRICK CONSTRUCTION WITH ONSITE CAR PARKING FOR SOME 31 VEHICLES. THE PROPERTY HAS A TOTAL GROSS FLOOR AREA OF APPROXIMATELY 2,800SQM INCORPORATING SOME 1,668SQM OF RETAIL ACCOMMODATION PLUS ASSOCIATED OFFICE, STORAGE, GOODS RECEIVABLE AND STAFF AMENITY AREAS. THE PROPERTY HAS RECENTLY UNDERGONE A MAJOR UPGRADE TO MEET THE GOOD GUYS REQUIREMENTS.THE PROPERTY IS PROMINENTLY LOCATED ON LATHLAIN STREET THE MAIN ARTERIAL LINK BETWEEN WESTFIELD BELCONNEN REGIONAL SHOPPING CENTRE INCORPORATING THE ACTION BUS INTERCHANGE AND THE BELCONNEN PRODUCE MARKETS. THE LOCATION HAS BEEN GREATLY STRENGTHENED BY THE RECENT EXPANSION OF THE WESTFIELD SHOPPING COMPLEX ONTO LATHLAIN STREET.??? A-GRADE INVESTMENT LEASED TO 2020 + OPTIONS??? SUBSTANTIAL FREESTANDING BUILDING + 31 CAR SPACES??? NATIONAL TENANT WITH 88 STORES??? PROMINENT LOCATION ADJ. TO MAJOR SHOPPING CENTRE??? IMPECCABLE PRESENTATION FOLLOWING MAJOR UPGRADE??? ANNUAL CPI REVIEWS??? EASILY MANAGED SINGLE TENANT INVESTMENT??? NET INCOME: $507,000PA + GST??? SITE AREA: 2,852SQM (APPROX)??? ZONED: CZ3 SERVICES ZONE UNDER THE TERRITORY PLAN 2008FOR SALE BY PRIVATE TREATY.ASKING PRICE: $6,000,000YIELD: 8.45%
Property History for 49 Lathlain St, Belconnen, ACT 2617
- 29 Jun 2013Listed for Sale $6,000,000
- 12 Dec 2012Sold for $5,950,000
- 24 Oct 2012Listed for Sale Not Disclosed
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0About Belconnen 2617
The size of Belconnen is approximately 4.4 square kilometres. It has 6 parks covering nearly 26.3% of total area. The population of Belconnen in 2016 was 6657 people. By 2021 the population was 8502 showing a population growth of 27.7% in the area during that time. The predominant age group in Belconnen is 20-29 years. Households in Belconnen are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Belconnen work in a professional occupation.In 2021, 32.50% of the homes in Belconnen were owner-occupied compared with 29.20% in 2016.
Belconnen has 6,083 properties. Over the last 5 years, Houses in Belconnen have seen a 2.03% increase in median value, while Units have seen a 22.03% increase. As at 31 December 2025:
- The median value for Houses in Belconnen is $526,840 while the median value for Units is $499,574.
- Houses have a median rent of $550 while Units have a median rent of $560.
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