2A Farrer PlaceFarrer ACT 2607
Property Details for 2a Farrer Pl, Farrer
Last Listing description (April 2026)
Positioned in the heart of the established local shopping precinct in Farrer, Shop 1, 2 Farrer Place presents an outstanding commercial investment opportunity with secure income and long-term potential.
Set on a generous 592sqm parcel of land with an approximate 334sqm building, this well-located retail property forms part of the vibrant Farrer Local Shops, a popular community hub servicing surrounding residential suburbs. The property is currently leased to the well-known supermarket brand IGA, providing investors with the comfort of an established tenant and steady rental return.
Neighbourhood shopping centres such as Farrer Shops benefit from consistent local patronage, strong community presence and limited supply of retail properties, making them highly sought after by investors seeking stable commercial assets.
With excellent street exposure, convenient customer parking nearby and a strategic position within a tightly held suburban retail precinct, this property represents a rare chance to purchase a commercial property for an investment in a proven location.
Key highlights Include:
* Prime position within the popular Farrer Local Shops
* Land size approximately 592sqm
* Building area approximately 334sqm
* Leased to IGA supermarket, providing established income
* Strong community-based retail location
* Excellent exposure and accessibility
* Rare opportunity in a tightly held suburban shops
A solid commercial asset in a well-established suburb, this property offers both security and long-term investment appeal in Canberras south.
Property History for 2a Farrer Pl, Farrer, ACT 2607
- 05 Mar 2026Listed for Sale By Negotiation
- 05 Mar 2026Sold for $1,855,000
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0About Farrer 2607
The size of Farrer is approximately 2.1 square kilometres. There are 11 parks, covering nearly 18.6% of the total area. The population of Farrer in 2016 was 3231 people. By 2021 the population was 3787 showing a population growth of 17.2% in the area during that time. The predominant age group in Farrer is 10-19 years. Households in Farrer are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Farrer work in a professional occupation.In 2021, 73.60% of the homes in Farrer were owner-occupied compared with 76.10% in 2016.
Farrer has 1,617 properties. Over the last 5 years, Houses in Farrer have seen a 8.29% increase in median value, while Units have seen a 20.60% increase. As at 30 June 2026:
- The median value for Houses in Farrer is $1,329,574 while the median value for Units is $572,943.
- Houses have a median rent of $770 while Units have a median rent of $560.
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