47/38 Mort StreetBraddon ACT 2612
Property Details for 47/38 Mort St, Braddon
Last Listing description (March 2022)
Burgess Rawson are delighted to exclusively offer For Sale by Auction this exceptional investment leased to Blackfire Restaurant.
38 Mort Street is part of the Gallery Development in the ever popular retail and residential precinct of Braddon in Canberra's CBD.
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 head quarters to now call Braddon Home.
The Gallery was developed by Blackett Development Group, designed by the multi award winning National Architecture Firm, Cox Architecture, Built by CBS Commercial and contains 54 residential units and 2 ground floor commercial tenancies.
Highlights include:
Renowned restaurant in popular Canberra suburb
2 units of 61 sqm each for a combined total of 122 sqm
Stamp duty free
Attractive 3.5% increases ensuring growth
Excellent Tenant Paying Weekly - History of Payments
Managed by Burgess Rawson Canberra
Lessee: Fuego Nero Pty Ltd
Lease Term: 5 year lease
Lease Commencement: 1/02/2021
Lease Expiry: 31/01/2026
Increases: 3.5% Rent Reviews
Option: 1x 5 year option to 2031
Net Income $93,365 pa + GST
Property History for 47/38 Mort St, Braddon, ACT 2612
- 29 Mar 2022Sold for $746,692
- 04 Mar 2022Listed for Sale For Auction
- 31 May 2012Sold for $546,181
Recent sales nearby
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0About 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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