55/40 Mort Street, Braddon, ACT 2612 | Property Value & History | OnTheHouse
OFF MARKET

55/40 Mort Street
Braddon ACT 2612

Bedrooms: -
Bathrooms: -
Car spaces: 2
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Property Details for 55/40 Mort St, Braddon

Building Type
Commercial
Year Built
2018
Local Government
Canberra Central
Lot/Plan
BRADDON: Block 8, Section 20, Unit 55

Last Listing description (March 2026)

XCommercial is pleased to present 55/40 Mort Street, Braddon ACT for lease.

Positioned within one of Canberra's most sought-after mixed-use precincts, this exceptional 269 sqm commercial tenancy presents a rare opportunity for a wide range of occupiers, including food and beverage operators, retailers, indoor recreation users, and other commercial businesses.


Designed for flexibility and functionality, the tenancy features dual entry points, services for a grease trap, an existing cool room, air conditioning, a striking full-height glass frontage, and two dedicated on-site car parks. This is an ideal offering for businesses seeking a highly visible, well-appointed premises in a premium inner-city location.

Located in The Gallery Development, directly opposite the Midnight Hotel, the property benefits from strong pedestrian activity and surrounding amenity. Developed by Blackett Development Group, designed by Cox Architecture, and constructed by CBS Commercial, The Gallery comprises 54 residential apartments and two ground-floor commercial tenancies.

Braddon remains Canberra's premier lifestyle and commercial destination, renowned for its dynamic mix of retail, hospitality, and high-density residential development. The property is only moments from Canberra CBD, the city bus interchange, Canberra Centre, and the light rail network, surrounded by major commercial occupiers, established retailers, cafés, restaurants, and hotels.

The tenancy is suitable for a broad range of permitted uses, including:

Drink establishment
Non-retail commercial use
Restaurant
Indoor recreation facility
Shop

The X Factors

- Flexible size options up to 269 sqm
- Double entrance access
- Services for grease trap
- Existing cool room
- Air conditioning
- Expansive glass frontage
- Two allocated car parks

Asking Rent: $50,000 - $145,000 per annum + GST + outgoings

With Braddon continuing to experience strong growth and demand, this is an outstanding opportunity to secure a premium position in one of Canberra's most tightly held precincts.

For further information or to arrange an inspection, please contact James Baker 0421 863 040

Property History for 55/40 Mort St, Braddon, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$2,340,000
22 Jun 2021
Listed for Rent
$1.18k/w
17 Mar 2026
  • 17 Mar 2026
    Listed for Rent $61,800 / week
  • 22 Jun 2021
    Sold for $2,340,000
  • 20 May 2021
    Listed for Sale Auction
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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 6,096 properties. Over the last 5 years, Houses in Braddon have seen a 3.10% increase in median value, while Units have seen a 12.40% increase. As at 30 April 2026:

  • The median value for Houses in Braddon is $1,232,902 while the median value for Units is $521,666.
  • Houses have a median rent of $530 while Units have a median rent of $600.
There are currently 53 properties listed for sale, and 34 properties listed for rent in Braddon on OnTheHouse. According to Cotality's data, 251 properties were sold in the past 12 months in Braddon.

Suburb Insights for Braddon 2612

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.