1-7 Franklin Street, Griffith, ACT 2603 | Property Value & History | OnTheHouse
OFF MARKET

1-7 Franklin Street
Griffith ACT 2603

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3084m2
Land area: 1010m2
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Property Details for 1-7 Franklin St, Griffith

Building Type
Commercial
Floor Size
3084m2
Land Size
1010m2
Local Government
Canberra Central
Lot/Plan
GRIFFITH: Block 2, Section 40

Last Listing description (October 2023)

Endeavour House, 1 Franklin Street, Griffith provides purchasers with one of the ACT's most recognisable office investment opportunities. Positioned on a landmark corner site of 1,011m with triple-street frontage, the asset enjoys a superb blue-ribbon location surrounded by numerous amenities as well as providing potential for future revenue opportunities^.

Situated next to the centre of Manuka village in Griffith, the building's prominence is guaranteed. Overlooking Manuka Oval, and closely positioned to the Parliamentary precinct (the ACT's tightest leasing market), the location supports a work/life balance and the on-going demand for high quality commercial and retail space. The recently added mural is a landmark for both the local community and for thousands of daily commuters, giving the property a strong identity and a sense of purpose that contributes to the area.

Developed in the 1960's, the ~2,700m office asset has seen design and environmental upgrades and is occupied by a variety of government funded and national anchor tenants. The current short-term WALE and diversified tenancy mix provides purchasers with immediate value-enhancing prospects, as well as possible redevelopment scenarios^.

^Subject to approvals

Property History for 1-7 Franklin St, Griffith, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$8,500,000
27 Jun 2024
Listed for Rent
$3.42k/w
02 Jul 2021
  • 27 Jun 2024
    Sold for $8,500,000
  • 09 Mar 2023
    Transferred
  • 11 Oct 2022
    Listed for Sale $11,000,000
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About Griffith 2603

The size of Griffith is approximately 2.8 square kilometres. There are 19 parks, covering nearly 18.3% of the total area. The population of Griffith in 2016 was 4575 people. By 2021 the population was 5328 showing a population growth of 16.5% in the area during that time. The predominant age group in Griffith is 20-29 years. Households in Griffith are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Griffith work in a professional occupation.In 2021, 57.20% of the homes in Griffith were owner-occupied compared with 53.00% in 2016.

Griffith has 3,844 properties. Over the last 5 years, Houses in Griffith have seen a 15.74% increase in median value, while Units have seen a 17.11% increase. As at 30 June 2026:

  • The median value for Houses in Griffith is $2,483,932 while the median value for Units is $633,094.
  • Houses have a median rent of $780 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 13 properties listed for rent in Griffith on OnTheHouse. According to Cotality's data, 223 properties were sold in the past 12 months in Griffith.

Suburb Insights for Griffith 2603

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.