137/24 Lonsdale StreetBraddon ACT 2612
Property Details for 137/24 Lonsdale St, Braddon
Last Listing description (May 2023)
Units 137, 138 and 142 are ground floor retail units within the landmark Mode development on Lonsdale Street in Braddon. These units are leased in-one-line to a long-standing restaurant and bar operator trading as Debacle with approximately 4 years remaining on the current lease term. The estimated passing annual net income as at 1 September 2019 is $206,737 excluding GST.
Having extensive frontage to Lonsdale Street, the units contain large bifold doors that open onto the pedestrian thoroughfare. The fitout of Debacle utilises a bar and dining area facing the entry with rear commercial kitchen. Exclusive use amenities are built within the unit area on the opposite side of the common area walkway, plus a small office and storage area. There are 6 secure basement car spaces allocated to the units.
Braddon is positioned immediately to the north of the Canberra CBD. Lonsdale Street is considered the primary focal point of Braddon extending into heart of the City's retail precinct via Genge Street. Braddon's commercial precinct has undergone considerable urban rejuvenation in recent years with the construction of numerous medium density mixed use developments. This burst of new development activity has created a thriving caf, restaurant and bar destination with excellent connectivity to Civic. There are now a variety of food and beverage offerings in the Braddon precinct which are driving unprecedented levels of diversity in retail offering and pedestrian foot traffic.
Braddon is highlighted on the Visit Canberra website as 'Hip and Happening in the Heart of Canberra'.
https://visitcanberra.com.au/canberra-precincts/braddon
Debacle is an established hospitality business which has operated from the local Braddon area for over 15 years. They moved from an adjoining property into Mode in 2012 (on completion) and have occupied this space ever since.
https://www.debacle.com.au/
Units 137, 138 and 142, Mode 3, 24 Lonsdale Street, Braddon ACT are being offer for sale by Expressions of Interest (EOI), closing 5.00pm on Friday 8 November 2019.
Property History for 137/24 Lonsdale St, Braddon, ACT 2612
- 16 Jul 2021Listed for Rent $224,250 / year
- 03 Mar 2020Sold for $1,080,000
- 08 Oct 2019Listed for Sale Expression Of Interest
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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 6,094 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.
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