157/45 Eastlake ParadeKingston ACT 2604
Property Details for 157/45 Eastlake Pde, Kingston
Last Listing description (July 2026)
Raine & Horne Commercial Canberra are pleased to present Unit 157 / 45 Eastlake Parade, Kingston for lease.
Positioned within the tightly held Kingston Foreshore precinct this unique corner tenancy presents a rare opportunity for an experienced hospitality operator to establish themselves in one of Canberra's most vibrant dining and lifestyle destinations.
The tenancy comprises approximately 160 m2 of internal area, complemented by an exclusive 30 m2 outdoor dining area - ideal for activating the waterfront streetscape and capitalising on year-round trade. Surrounded by residential apartments, the site benefits from strong foot traffic, excellent exposure, and convenient customer parking.
The unit features an already existing fitout comprising;
• 3 Toilets (1 Male, 1 Female & 1 Diasbility Approved)
• Fully Equiped Kitchen
• Coolroom
• Kitchen Storage Room
• Greasetrap Connection
• Kitchen Exhaust Connection
• Air Conditioning
The premises is offered as a vacant restaurant opportunity, providing the perfect blank canvas for an incoming tenant. The landlord is currently undertaking internal and external upgrades, scheduled for completion in early April 2026.
These works include:
• Removal of the existing internal sliding door
• Installation of a new shopfront, Including double hung windows, taking advantage of the lake and wetlands views
These improvements will significantly elevate the tenancy's street presence and overall functionality, allowing an operator to focus on fitout, branding, and operational launch.
Located on the corner of the Kingston Foreshore, the property sits within one of Canberra's most established hospitality and lifestyle catchments, making this an outstanding opportunity for quality food and beverage operators.
For further information or to arrange an inspection, please contact the leasing agents at Raine & Horne Commercial Canberra.
Property History for 157/45 Eastlake Pde, Kingston, ACT 2604
- 03 Mar 2026Listed for Rent $140,000 / year
- 19 Dec 2025Sold for $1,045,000
- 09 Oct 2014Sold for $854,000
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About Kingston 2604
The size of Kingston is approximately 1.4 square kilometres. There are 8 parks, covering nearly 8.1% of the total area. The population of Kingston in 2016 was 4424 people. By 2021 the population was 6579 showing a population growth of 48.7% in the area during that time. The predominant age group in Kingston is 30-39 years. Households in Kingston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingston work in a professional occupation.In 2021, 48.10% of the homes in Kingston were owner-occupied compared with 40.20% in 2016.
Kingston has 5,022 properties. Over the last 5 years, Houses in Kingston have seen a -37.75% decrease in median value, while Units have seen a 19.30% increase. As at 30 June 2026:
- The median value for Houses in Kingston is $684,159 while the median value for Units is $708,626.
- Houses have a median rent of $725 while Units have a median rent of $625.
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