50 Bunda StreetCity ACT 2601
Property Details for 50 Bunda St, City
Last Listing description (May 2017)
This high-profile and iconic building in Canberra is for sale by Expressions of Interest and presents an outstanding investment in an unprecedented core CBD location.
Fronting Bunda Street and the popular Garema Place retail strip, 50 Bunda Street is a fully-leased asset with a diverse mix of income derived through rental, signage and storage agreements. The property accommodates numerous retail, restaurant and commercial operators and features a number of long-standing Canberra businesses who have successfully operated from the building for 10+ years.
The WALE of approximately 4.25 years (by income) affords prospective purchasers the opportunity to add-value to the asset through renewal of impending lease expiries, or alternatively explore a long-term re-development upside given the premium location. The CZ1: Core Zoning and Crown Lease provides further inherent development rights, with no restrictions on the building GFA*.
*subject to planning approval
NABERS Energy Rating N/A
Property History for 50 Bunda St, City, ACT 2601
- 14 Nov 2023Listed for Rent $26,000 / year
- 07 Apr 2017Sold for $9,800,000
- 25 Oct 2016Listed for Sale Not Disclosed
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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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