27/28 University Avenue, City, ACT 2601 | Property Value & History | OnTheHouse
OFF MARKET

27/28 University Avenue
City ACT 2601

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Bathrooms: -
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Property Details for 27/28 University Ave, City

Building Type
Commercial
Year Built
2013
Local Government
Canberra Central
Lot/Plan
CITY: Block 22, Section 3, Unit 27

Last Listing description (August 2024)

This is your chance to own a piece of Canberra's thriving City-West precinct! Unit 27, a stunning 311sqm fitted-out office on Level 6 of 28 University Avenue, is available for the first time in over 20 years.

Move in and start working instantly! This meticulously designed space boasts an impressive reception area, spacious boardroom and meeting room, private offices, an open-plan workspace, and a modern kitchenette - all fully equipped with high-speed internet, and ample storage. Impress your clients and empower your team with a professional and comfortable environment that reflects your success.

Location, location, location! This is more than just an office, it's a strategic hub. Enjoy exceptional accessibility with public transport, parking, restaurants, and cafes right at your doorstep. Located adjacent to leading businesses and government agencies in the City-West precinct, within walking distance of the law courts and ANU.

Highlights:
Move-in ready: Fully fitted-out office with high-quality finishes
Prime location: City-West precinct with exceptional accessibility
Impress clients: Professional and comfortable work environment
Limited opportunity: First time available in over 20 years

Property History for 27/28 University Ave, City, ACT 2601

A timeline of how this property has performed in the market
  • 06 Nov 2024
    Listed for Sale $1,325,000 ex GST
  • 06 Nov 2024
    Listed for Rent - Price not available
  • 07 Mar 2023
    Listed for Sale $1,400,000 ex GST
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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 3,373 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.
There are currently 52 properties listed for sale, and 48 properties listed for rent in City on OnTheHouse. According to Cotality's data, 128 properties were sold in the past 12 months in City.

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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.