Property Details for 8-10 Hobart Pl, City
Last Listing description (July 2021)
Compelling Canberra Investment in Prime Canberra CBD Location
JLL and Colliers are proud to present a 100% interest in 10 Hobart Place, Canberra, for sale via expression of interest closing 3pm AEST Thursday 27 May 2021.
The property deserves attention from investors seeking the following:
Refurbished building of 4,483sqm with long term history of occupation by a broad variety of SME tenants.
Typical floor plates of 540sqm that are attractive to a variety of Canberra's SME tenants.
High profile site of 668sqm in core Canberra CBD location.
Net Passing Income* (assuming fully let) $1,351,929 ex GST.
Diversified tenancy profile offering 94% occupancy and 3.1-year WALE* by area.
Significant refurbishments since 2014 have seen building completely repositioned to offer low ongoing capex and strong leasing uptake.
Close vicinity to retail and leisure amenity as well as proximity to major Civic based Government Headquarters.
Opportunity to capture demand from Canberra's growing SME market for small vacancy in building.
Immediate connectivity to Canberra's road, bicycle, light rail and bus networks.
*As at 1 July 2021
10 Hobart Place presents as a compelling value-add investment opportunity following its recent refurbishment, location and strong long-term tenant commitment. Please contact the exclusive agents for further information.
High profile site of 668sqm in core Canberra CBD location.
Net Passing Income* (assuming fully let) $1,351,929 ex GST.
Diversified tenancy profile offering 94% occupancy and 3.1-year WALE* by area.
Significant refurbishments since 2014 have seen building completely repositioned to offer low ongoing capex and strong leasing uptake.
Property History for 8-10 Hobart Pl, City, ACT 2601
- 16 Jul 2021Sold - Price Undisclosed
- 29 Apr 2021Listed for Sale Contact Agent
- 29 Jan 2020Listed for Sale Contact Agent
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0About 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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