3/50 Curran Drive, Nicholls, ACT 2913 | Property Value & History | OnTheHouse
 
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3/50 Curran Drive
Nicholls ACT 2913

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Land area: 1060m2
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Property Details for 3/50 Curran Dr, Nicholls

Building Type
Commercial
Land Size
1060m2
Local Government
Gungahlin
Lot/Plan
NICHOLLS: Block 11, Section 86, Unit 3

Last Listing description (September 2025)

Jointly offered to the market, Knight Frank and Raine & Horne Commercial Canberra are pleased to present Unit 3, 50 Curran Drive, Nicholls. Fully leased to fast-growing ASX-listed Viva Leisure on a newly inked 4 + 4 + 4 year arrangement, and situated in Canberra's burgeoning Gungahlin Town Centre, this presents as an exceptional investment opportunity to be offered by way of Expression of Interest.

VIVA Leisure directly operates over 160 health clubs within the Australian Capital Territory, New South Wales, Queensland ,Victoria and Western Australia, with the majority operating under the Club Lime and Hiit Republic brands. In addition, Viva Leisure owns the Plus Fitness master franchise which includes over 200 franchisee locations in Australia, New Zealand and India. Club Lime dominate the Canberra fitness landscape, with competitive member fees, multi-site access options and state of the art facilities.

On offer is a brand new 4 year net lease which has just commenced, with 3% annual increases and multiple options, in the heart of Canberra's fastest growing area.

Highlights Include:

- 734 sqm tenancy in boutique development
- Located just off Barton Highway
- Over 130, free, on-grade car spaces
- "Gold Creek Country Club" complementary tenancy mix
- Group training room, male and female amenities
- Tenant recently upgraded equipment
- Corporate held Lease

• Lessee: Viva Leisure (Club Lime)
• Lease Term: 4 years
• Lease Commencement: 1 September 2024
• Lease Expiry: 30 August 2028
• Further Options: 2 x 4 years
• Increases: 3% fixed per annum
• Security: 3 month bond
• Tenant's Proportion of Outgoings: 100%
• Net Income: $197,000 per annum

Unit 3, 50 Curran Drive is for sale by Expression of Interest. For more information or to book an inspection reach out to the exclusive agents at Raine & Horne Commercial Canberra or Knight Frank.

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Property History for 3/50 Curran Dr, Nicholls, ACT 2913

A timeline of how this property has performed in the market
  • 28 Oct 2024
    Listed for Sale $2,600,000
  • 15 Feb 2016
    Listed for Sale $1,750,000-$1,775,000
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About Nicholls 2913

The size of Nicholls is approximately 6.7 square kilometres. It has 13 parks covering nearly 51.5% of total area. The population of Nicholls in 2016 was 6865 people. By 2021 the population was 6680 showing a population decline of 2.7% in the area during that time. The predominant age group in Nicholls is 50-59 years. Households in Nicholls are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nicholls work in a professional occupation.In 2021, 84.10% of the homes in Nicholls were owner-occupied compared with 82.00% in 2016.

Nicholls has 2,500 properties. Over the last 5 years, Houses in Nicholls have seen a 32.93% increase in median value, while Units have seen a 33.52% increase. As at 28 February 2026:

  • The median value for Houses in Nicholls is $1,305,726 while the median value for Units is $850,162.
  • Houses have a median rent of $773 while Units have a median rent of $680.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Nicholls on OnTheHouse. According to Cotality's data, 93 properties were sold in the past 12 months in Nicholls.

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