126 Bunda StreetCity ACT 2601
Property Details for 126 Bunda St, City
Last Listing description (March 2022)
128 Bunda Street, City is a high-profile and iconic retail/office building for sale by Expressions of Interest and represents one of the Canberra CBD's finest commercial investment opportunities.
128 Bunda Street presents purchasers with a separately titled asset featuring vacant possession tenure, generous street frontage, existing fitout infrastructure and superb value-add prospects along one of Canberra's most well recognised retail strips.
The Canberra CBD is home to several major Commonwealth Departments and a significant volume of commercial and retail operators, all of which surround 128 Bunda Street. The 49,000m Australian Tax Office (ATO) headquarters and Canberra's largest retail centre - the 123,000m Canberra Centre are within immediate proximity. Furthermore, major infrastructure projects and amenities are closely positioned including light rail, the civic bus interchange, key arterial roads, numerous new mixed-use projects and the Braddon retail precinct.
The property enjoys a significant volume of daily passing traffic, 397sqm* of NLA across two levels (with separate entrances), CZ1 zoning on a 232m site and is strategically located in the midst of Bunda Street near numerous Canberra Centre entrance points. Prospective purchasers can consider a variety of scenarios to add-value to the asset through filling existing vacancies, refurbishment, active building management or potential owner-occupation.
Expressions of Interest close Wednesday 24 November 2021 at 4:00pm (AEDT). Interested parties are encouraged to contact the exclusive agents Colliers for more information.
*Approximately as estimated by the Vendor
Property History for 126 Bunda St, City, ACT 2601
- 20 Dec 2021Sold for $3,900,000
- 25 Oct 2021Listed for Sale Please contact agent
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About 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 3,495 properties. Over the last 5 years, Houses in City have seen a -15.55% decrease in median value, while Units have seen a 5.62% increase. As at 30 June 2026:
- The median value for Houses in City is $414,598 while the median value for Units is $581,847.
- Houses have a median rent of $572 while Units have a median rent of $660.
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