5 Farrell Place, City, ACT 2601 | Property Value & History | OnTheHouse
OFF MARKET

5 Farrell Place
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: 53
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Property Details for 5 Farrell Pl, City

Building Type
Commercial
Local Government
Canberra Central
Lot/Plan
CITY: Block 1, Section 90

Last Listing description (January 2024)

Setting benchmarks in sustainability - Ready for Occupation

5 Farrell Place offers a new standard of premium office accommodation not readily available in the CBD, boasting market leading indoor environment and sustainability initiatives. An extensive refurbishment has been completed to meet A-grade office standards which positions the building to cater to the growing demands of both private enterprise and Government occupiers, small and large, seeking a flight to quality. Completed by local renowned developer Willemsen Group these works include;
- Transformation of the ground floor foyer
- New landscaping to the building entry piazza

- New market leading end of trip facilities including new showers, lockers, and bike parking
- Refurbished on floor bathrooms
- Refurbished floor plates with new ceiling, lighting, and floor coverings
- Upgrades to lifts including control system and replacement of lift car interiors

Flexibility is front of mind with the average 865sqm* floor plate able to be subdivided into multiple suites from 123sqm* with design and construct opportunities available. Secure basement parking is available as well as the ability to implement stringent security measures subject to requirements.

Speculative suites now available within the building:

- Suite 9.02 302.3sqm Reception area, collaborative workspace, boardroom, meeting room, breakout space, office, open workspace with 24 sit to stand workstations. (https://my.matterport.com/show/?m=oZFUijo7akC)
- Suite 9.03 139.2sqm Waiting area, meeting room, board room, breakout space and open workspace with 12 sit to stand workstations. (https://my.matterport.com/show/?m=ig68PgFC3dH)
- Suite 8.02 - 302.3sqm - Waiting area, boardroom, meeting room, 26 sit to stand workstations, breakout/kitchen, 2 quiet rooms and collaboration spaces.
- Suite 8.03 - 214sqm - **UNDER OFFER** Waiting area, boardroom, meeting room, collaboration space, 18 sit to stand workstations.

Heating cooling and ventilation plant incorporates advanced IEQ systems which optimise environmental conditions to maximise occupant productivity and safety. Active Co2 level monitoring, up to 100% outside air cycles with Co2 override, active filter cleanliness monitoring, humidity monitoring and 360' temperature monitoring (supply/return/floor space/external ambient) are continuously optimised and logged by remote monitored building management systems.

Currently a 2 Star NABERS Energy rating due to vacancy, 5 Farrell Place previously boasting a 6-Star NABERS Energy Rating with GreenPower (5.5 Star NABERS Energy Rating without GreenPower), and incorporates a range of energy efficiency and sustainability features into the building including:
- New solar generation system installed in 2019
- Soft-coat low-e double glazed curtain wall faade
- Twin air-cooled chillers with central plant
- Variable speed drive control throughout
- Extensive energy and water meter and reporting
- Advanced remote monitored BMS system
- Night Purge, outside air cycle, C02 monitoring.

Situated along the western corridor of the CBD in one of Canberra's most exciting precincts, the building offers uninterrupted outlooks via its extensive glass faade towards the Brindabella's and Black Mountain, over the ANU precinct. Public transport is readily available via the CBD bus network and the soon to be constructed light right stage 2 with a planned stop within 200m. Amenity for occupiers is only a short walk away, including the Canberra Centre shopping precinct, ANU dining precinct and the various other food and beverage offerings which are within a short proximity to the building.

Virtual Tours:
Foyer: https://my.matterport.com/show/?m=HywpSQZdVBT
End of Trip Facilities: https://my.matterport.com/show/?m=hgTbAckoE4f

For Further information or to arrange an inspection please contact the exclusive agents JLL and CBRE.

*Approx.

Property History for 5 Farrell Pl, City, ACT 2601

A timeline of how this property has performed in the market
  • 16 Sep 2021
    Listed for Rent - Price not available
  • 10 Mar 2011
    Listed 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 3,357 properties. Over the last 5 years, Houses in City have seen a -17.23% decrease in median value, while Units have seen a 9.32% increase. As at 31 December 2025:

  • The median value for Houses in City is $1,483,324 while the median value for Units is $572,670.
  • Houses have a median rent of $650 while Units have a median rent of $655.
There are currently 37 properties listed for sale, and 49 properties listed for rent in City on OnTheHouse. According to Cotality's data, 133 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.