Property Details for 2/49 Mort St, Braddon
Last Listing description (February 2024)
Raine & Horne Commercial Canberra are pleased to exclusively offer Unit 2, 49 Mort Street, Braddon for sale or lease.
Braddon has recently undergone a notable renaissance and has fast become a hip and bustling social hub filled with artisan coffee roasters & cafes, bars, restaurants, boutique fashion outlets, hotels, residential apartments, art galleries, yoga studios, food vans, professional services and bicycle culture. Braddon has historically been the home of service trades and vehicle sales, however the variation of the Territory Plan in March 2008 and its 'city fringe' position has prompted the revitalisation of Braddon from a light industrial / service trades area to a thriving area to live, work and socialise. Canberrans now compare Braddon to Surry Hills in Sydney and Fitzroy in Melbourne.
'Pacific Suites' is a block of serviced apartments located at 100 Northbourne Avenue / 49 Mort Street, located close to public transport with several bus routes at its the doorstep and close to the Elouera Street light rail stop connecting Canberra CBD, Dickson and Gungahlin. The building is soon to be repositioned into a strata-titled, 153 unit, mixed-use complex known as 'CENTO' and will benefit from substantial internal and external upgrades including external paint and tiling to the Mort St frontage. In addition to individually titled apartments on the upper floors, the building will comprise 3 ground floor strata titled commercial units (one facing Northbourne Avenue and two facing Mort Street) with common amenities and associated car parking.
Unit 2, which to-date has been utilised as a conference facility, measures approx 239sqm (subject to final survey) with a significantly wide frontage to Mort Street and an open plan fitout in place comprising male, female and disabled toilets, ducted air conditioning, grid ceiling, carpet and plasterboard walls.
Additional common toilets and allocated parking are located directly to the rear of the unit and it also benefits from an outdoor area to the side (yet to be determined if allocated to the unit as a subsidiary). The property has multiple external doors which provides the ability to subdivide and lease in parts, and the Crown Lease permits a wide range of commercial uses including, but not limited to, personal services, drink establishment, restaurant, office and health facility.
For further information or to arrange a private inspection, please contact the exclusive agent; Mark Nicholls of Raine & Horne Commercial Canberra on 0417 239 551.
Property History for 2/49 Mort St, Braddon, ACT 2612
- 20 Sep 2023Listed for Sale Price on Application
Recent sales nearby
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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 6,100 properties. Over the last 5 years, Houses in Braddon have seen a 43.21% increase in median value, while Units have seen a 16.99% increase. As at 31 January 2026:
- The median value for Houses in Braddon is $1,143,869 while the median value for Units is $527,807.
- Houses have a median rent of $590 while Units have a median rent of $620.
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