136/2-8 Akuna StreetCity ACT 2601
Property Details for 136/2-8 Akuna St, City
Last Listing description (February 2019)
Perfect investment for a first time commercial buyer looking for a good return in a great location that won't stretch the budget
5 year lease to August 2021
65 sqm ground floor retail unit with excellent visibility
Located on busy Akuna St in the Waldorf Apartment Building containing 133 serviced apartments. Close to Canberra Centre shopping precinct and large office workforce
Attractive fixed 3.5% annual rental increases
Stamp Duty Exempt
Tenant pays all usual outgoings as per lease
Net income: $31,601 pa + GST
For Sale by Deadline Private Treaty (unless sold prior) Closing 4pm Friday 7 December 2018
Property History for 136/2-8 Akuna St, City, ACT 2601
- 17 Dec 2018Sold for $480,000
- 08 Nov 2018Listed for Sale Not Disclosed
- 08 Mar 2016Listed for Rent - Price not available
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About City 2601
The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of 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 3,374 properties. Over the last 5 years, Houses in City have seen a -51.66% decrease in median value, while Units have seen a 9.35% increase. As at 30 April 2026:
- The median value for Houses in City is $443,348 while the median value for Units is $590,285.
- Houses have a median rent of $580 while Units have a median rent of $650.
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