32 Northbourne AvenueCity ACT 2601
Property Details for 32 Northbourne Ave, City
Last Listing description (March 2024)
Welcome to this exceptional two-floor bar located at 1/32 Northbourne Avenue in the heart of Canberra's City district. This establishment offers an incredible opportunity to lease a fully fitted out and ready-to-go bar, providing a seamless transition for your business.
Spread across two levels, this building boasts a bar on each floor. The ground floor features a casual seating arrangement, perfect for patrons looking to relax and enjoy a drink with friends. Additionally, the bar comes with a well-equipped kitchen and amenities, ensuring efficient service and customer satisfaction. For those seeking a captivating entertainment experience, an allocated DJ area awaits, complete with lighting system. This dedicated space sets the stage for unforgettable nights filled with music and dancing.
Venturing to the first level, you'll discover a secondary bar area along with private entertaining spaces. This elevated section adds a touch of exclusivity, making it ideal for hosting private events, parties, or VIP gatherings. It provides a unique opportunity to diversify your revenue streams and create personalized experiences for your guests.
There's also an opportunity to utilise the outdoor area in front of the property for outdoor seating.
Located in close proximity to esteemed establishments within the iconic Sydney Building, this bar benefits from great foot traffic. Don't miss out on the chance to become part of this lively nightlife scene and establish your business in this highly sought-after area.
Take advantage of this exceptional opportunity and make your mark in the vibrant hospitality industry today. To find out more or to arrange an inspection, please contact Mark Nicholls or Slava Kholopov at Raine&Horne Commercial Canberra.
Property History for 32 Northbourne Ave, City, ACT 2601
- 11 Jul 2023Listed for Rent $137,917 / year
- 29 Apr 2009Sold for $1,130,000
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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 3,372 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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