Property Details for 5/24 Forbes St, Turner
5/24 Forbes St, Turner is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004.
Last Listing description (October 2020)
Solid Investment Opportunity
Belle Property Commercial Canberra are pleased to bring to market Unit 5 of Space the Residences for sale.
The property boasts prominent frontage to Northbourne Avenue, which has just seen the completion of stage one of the new Light rail with a stop directly outside the unit.
The 97sqm ground floor commercial tenancy is leased to Canberra Business and Technology College as a culinary training school, and comprises a full commercial kitchen, cool room, loading facilities and common amenities to the rear of the unit.
On offer is a brand new 4+5-year lease, commencing in June 2020 with a commencing gross rental income of $39,321 (net pa +GST and 3% fixed annual increases.
This presents a perfect opportunity to capitalise on the record low interest rates, in perhaps the safest haven for capital in Australia.
The property is for sale by Expressions of Interest.
For further information or to arrange an inspection, please contact Mark Nicholls of Belle Property Commercial Canberra.
Property History for 5/24 Forbes St, Turner, ACT 2612
- 04 Jun 2020Listed for Sale For Sale by Expressions of Interest
- 21 Feb 2018Listed for Rent - Price not available
- 09 Sep 2016Listed for Rent - Price not available
Recent sales nearby
See more recent sales nearby/assets/perm/w4m4jyv2qqi6vkqfsh2yb4nrqe?signature=6df30e2e6f6cfe76836ac4648c00619170034de545f1c44ff172b2494bac3b0f){kind=logo}
0
/assets/perm/djsnitzqqii6zemmz7nqkuw62u?signature=5dd8080a75214e28621728c6e2a2c002f293dcb9482fede49cf127b9b859ca6e){kind=logo}
0/assets/perm/nzy34wtl2qi63bjfqhmpg3ne2i?signature=ff1b851376cb800a86c2986a5cf8d865463486dfee0d516d2572dbcdb56c539a){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Turner 2612
The size of Turner is approximately 1.5 square kilometres. It has 9 parks covering nearly 27.1% of total area. The population of Turner in 2016 was 4047 people. By 2021 the population was 4470 showing a population growth of 10.4% in the area during that time. The predominant age group in Turner is 20-29 years. Households in Turner are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Turner work in a professional occupation.In 2021, 43.30% of the homes in Turner were owner-occupied compared with 34.20% in 2016.
Turner has 2,962 properties. Over the last 5 years, Houses in Turner have seen a 42.17% increase in median value, while Units have seen a 23.55% increase. As at 31 December 2025:
- The median value for Houses in Turner is $1,771,738 while the median value for Units is $637,119.
- Houses have a median rent of $620 while Units have a median rent of $595.
Suburb Insights for Turner 2612
Market Insights
Turner Trends for Houses
N/A
N/A
View TrendN/A
N/A
Turner Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
