7 Akuna StreetCity ACT 2601
Property Details for 7 Akuna St, City
Last Listing description (March 2017)
Tucked neatly under the YHA hostel on Akuna Street in the City, this retail tenancy is currently a very popular bar in Canberra and a bustling live entertainment venue.
With an underground concept synonymous with Melbourne s back alley alternative bars, this space poses a brilliant opportunity for a hospitality operator to capitalise on this unique location.
There is currently capacity for 182 seats inside and 58 outside with male and female toilets enough to comply with liquor licensing requirements. Ample and secure storage is included as well as a cool room which currently boasts 12 keg lines. Also included in the lease are 2 pool tables.
There is an opportunity for a tenant to develop a new concept in this space or to purchase the current business and expand it.
Contact Laing+Simmons for more information or SMS '7 AKUNA' to 0416 907 808 for a comprehensive IM of this property.
Property History for 7 Akuna St, City, ACT 2601
- 21 Jan 2022Sold for $12,045,000
- 30 Nov 2016Listed for Rent - Price not available
- 28 Oct 2005Sold for $6,250,000
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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 3,374 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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