108/227 Flemington RoadFranklin ACT 2913
Property Details for 108/227 Flemington Rd, Franklin
Last Listing description (August 2023)
This 172sqm retail tenancy in Franklin presents a fantastic investment opportunity. It features entrances at both the front and rear of the building, ensuring maximum exposure and accessibility.
The tenancy has been divided into two separate spaces, with 85sqm currently leased to a successful beauty business for a new 5-year term. This section generates a net rental income of $27,200 per annum, plus GST.
The remaining 85 sqm is located at the front of the unit and is suitable for either an owner-occupier or lease, offering potential for additional income. Additionally, the unit comes with three basement car parks to provide convenient parking for tenants or customers.
Purpose including non-retail commercial use, Restaurant and Shop.
Estimated total outgoings $12,600 pa
Property History for 108/227 Flemington Rd, Franklin, ACT 2913
- 19 Apr 2023Listed for Sale $950,000
- 28 Jul 2022Listed for Sale $750,000
- 03 Dec 2020Listed for Rent - Price not available
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0About Franklin 2913
The size of Franklin is approximately 2.3 square kilometres. There are 2 parks, covering nearly 0.4% of the total area. The population of Franklin in 2016 was 6419 people. By 2021 the population was 7484 showing a population growth of 16.6% in the area during that time. The predominant age group in Franklin is 30-39 years. Households in Franklin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Franklin work in a professional occupation.In 2021, 51.50% of the homes in Franklin were owner-occupied compared with 55.50% in 2016.
Franklin has 2,904 properties. Over the last 5 years, Houses in Franklin have seen a 20.59% increase in median value, while Units have seen a 15.09% increase. As at 30 June 2026:
- The median value for Houses in Franklin is $1,150,053 while the median value for Units is $495,428.
- Houses have a median rent of $800 while Units have a median rent of $560.
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