30 Northbourne AvenueCity ACT 2601
Property Details for 30 Northbourne Ave, City
Last Listing description (August 2024)
30 Northbourne Avenue presents the ideal investment opportunity within the nation's capital. Situated in one of Canberra City's most iconic and architecturally designed, Sydney Building, the location offers its tenants the luxury of a high-traffic, well-visited and popular destination. The split tenancies - ground and first floor - are fully tenanted with long term leases in place, both with options to extend.
The history, location and investment of the property lends itself to being a golden opportunity for a smart and advantageous investor.
Key Property Features:
Fully tenanted investment opportunity
Multiple years remaining with options
Located in the heart of Canberra, in the iconic Sydney Building
Ground floor = 176m*
First floor = 200m*
100% of Outgoings recoverable by tenants
High traffic area, great signage and brand exposure
Current Tenants:
Ground floor = Gaon Korean BBQ Canberra
First floor = The Brass Room Canberra City
*Approximately
Property History for 30 Northbourne Ave, City, ACT 2601
- 28 May 2024Listed for Sale $2,950,000 excl. GST
- 22 May 2023Listed for Rent $132,000 / year
- 30 Jan 2023Listed for Rent $132,000 / year
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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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