255 London Circuit, City, ACT 2601 | Property Value & History | OnTheHouse
 
OFF MARKET

255 London Circuit
City ACT 2601

Bedrooms: 3
Bathrooms: 2
Car spaces: 5
Floor area: 9167m2
Land area: 2946m2
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Property Details for 255 London Cct, City

Building Type
Commercial
Floor Size
9167m2
Land Size
2946m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 20, Section 10

Last Listing description (December 2015)

JLL is proud to present the exclusive opportunity to acquire an A-grade Canberra City office asset fully leased to the Commonwealth of Australia.
Located only 100m from Constitution Avenue in the centre of Canberra City, 255 London Circuit is an 8,972sqm A-Grade building built over six levels.
Constructed in June 2007 to an A-Grade standard the building uses technologies that maximise occupant comfort through the incorporation of passive chilled beam air conditioning. The property has achieved a 4.5-star NABERS Energy Rating.

The asset offers a WALE of 11.67 years from 1 January 2016 by area, with the lease to the Commonwealth of Australia continuing through to 3 September 2027. This lease has strong fixed rental growth with fixed 3.8% per annum increases for the remainder of the term (excluding a ratcheted market review in September 2018 and 2023).
A-Grade building completed in 2007
Fully leased to the Commonwealth of Australia
Secure income profile with tenure until September 2027
11.67 year WALE as at 01 January 2016
Fixed rental reviews of 3.8% (ratcheted and capped at 5% market reviews in 2018 and 2023)
4.5-star NABERS Energy Rating
Net lettable Area of 8,972sqm
This asset is for sale via an International Expressions of Interest campaign closing 5pm Friday 9th of October 2015.

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Property History for 255 London Cct, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$70,025,000
26 Nov 2015
  • 26 Nov 2015
    Sold for $70,025,000
  • 09 Sep 2015
    Listed for Sale Not Disclosed
  • 03 Dec 2010
    Sold for $55,200,000
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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 3,312 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.
There are currently 45 properties listed for sale, and 63 properties listed for rent in City on OnTheHouse. According to Cotality's data, 118 properties were sold in the past 12 months in City.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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