1/161 London CircuitCity ACT 2601
Property Details for 1/161 London Cct, City
Last Listing description (July 2022)
Entire First Floor 512m2 - AVAILABLE NOW
If bought as investment at $550,000+gst = $1,074 +gst per m2
rented for $250 p/m2 = $128,000 income pa.
less ($82,524) outgoings
profit $45,476
nett yield 8.26%
( if you rent for more, some asking for $380 p/m the yield increases 20.37% )
Well located office space within a short stroll to The Canberra Centre, numerous financial institutions, cafes and restaurants. Next to Bus interchange and easy stroll to Civic shopping centre
Suitable for an owner occupier or part occupy and lease out the rest.
Good natural light and signage opportunities directly from lift foyer.
Divided into a number of offices, boardroom, meeting room, reception area. Full data cabling and server rack. Kitchen and male and female amenities.
GREAT VALUE!
Property History for 1/161 London Cct, City, ACT 2601
- 20 Nov 2015Listed for Sale $750,000 plus GST
- 13 Jun 2001Sold for $235,000
- 21 Jul 1995Sold for $362,353
Recent sales nearby
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0About City 2601
The size of City is approximately 1.4 square kilometres. There are 8 parks, covering nearly 9.9% of the total area. The population of City in 2016 was 4276 people. By 2021 the population was 4835 showing a population growth of 13.1% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation.In 2021, 36.30% of the homes in City were owner-occupied compared with 30.00% in 2016.
City has 3,319 properties. Over the last 5 years, Houses in City have seen a -6.24% decrease in median value, while Units have seen a 0.53% increase. As at 31 July 2026:
- The median value for Houses in City is $468,859 while the median value for Units is $569,255.
- Units have a median rent of $650.
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