126/24 Lonsdale Street, Braddon, ACT 2612 | Property Value & History | OnTheHouse
 
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126/24 Lonsdale Street
Braddon ACT 2612

Bedrooms: -
Bathrooms: -
Car spaces: 20
Land area: 5012m2
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Property Details for 126/24 Lonsdale St, Braddon

Building Type
Commercial
Year Built
2012
Land Size
5012m2
Local Government
Canberra Central
Lot/Plan
BRADDON: Block 22, Section 21, Unit 126

Last Listing description (October 2023)

Burgess Rawson are delighted to exclusively offer to the market this exceptional investment leased to the award winning Sellick Consultants at 122 & 126/24 Lonsdale Street (Mode 3) Braddon.

Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra's best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their headquarters to now call Braddon Home.

Mode3, completed in 2012, developed and built by Construction Control (also reside in the building) is a premium grade development combining lifestyle, business and retail areas.

The building is 6 stories high, contains 115 residential units, 3,409 sqm of offices/professional space and 2,411 sqm ground floor retail space.

Highlights Include:
- 10 year net lease plus options to 2038
- Same location for last 10 years
- Tenant pays all outgoings
- Total Area: 551sqm
- Potential stamp duty saving up to $85,000 (subject to solicitor advice)
- Proven operator with 58 + years in business
- No land tax payable
- 20 basement car spaces on title
- Busy retail, office, residential and hospitality precinct
- Zoning: CZ3 Services Zone

Lessee: Sellick Consultants Pty Ltd
Lease Term: 10 Years
Lease Commencement: 15th Jan 2013
Exercise of second option: 15th Jan 2023
Lease Expiry: 14th June 2033
Further options: 1 x 5 Year

Net Income: $268,047 pa + GST

Price: $4,120,000, circa 6.5% Net Yield

For further information or to arrange an inspection please contact James Baker, 0421 863 040 or Guy Randell, 0430 272 999

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Property History for 126/24 Lonsdale St, Braddon, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$1,094,255
04 Aug 2011
  • 05 Apr 2023
    Listed for Sale $4,120,000 - circa 6.5% Net Yield
  • 22 Apr 2017
    Listed for Sale Not Disclosed
  • 04 Aug 2011
    Sold for $1,094,255
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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 6,091 properties. Over the last 5 years, Houses in Braddon have seen a 17.03% increase in median value, while Units have seen a 17.21% increase. As at 31 December 2025:

  • The median value for Houses in Braddon is $1,124,479 while the median value for Units is $527,471.
  • Houses have a median rent of $590 while Units have a median rent of $620.
There are currently 33 properties listed for sale, and 37 properties listed for rent in Braddon on OnTheHouse. According to Cotality's data, 270 properties were sold in the past 12 months in Braddon.

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