6/38 Gartside StreetWanniassa ACT 2903
Property Details for 6/38 Gartside St, Wanniassa
Last Listing description (January 2025)
This well-located retail property in the bustling suburb of Wanniassa offers a stable income with a long-term tenant in place. With no outgoings recovered from the tenant, the property provides a predictable and hassle-free investment. The lease includes a 5-year option, ensuring continued tenancy beyond the current lease term. The rent increase scheduled for 2026 further enhances the property's future income potential.
The broad permitted usage give many potential usage for a future proof of this property. permitted usages including Retail, Take away, health facility, liquor shop, Vet hospital, Office, indoor recreation, light industry, manufacture and storage.
Lease Term: Till April 2026
Current Rent: $42,980.00 per annum
Rent Increases: Fixed rent until 14/04/2026, then increases to $45,129.00 per annum, fixed for the next five years
Outgoings Recovered: Nil
Outgoings:
Water Rates: $747.04 per annum
Strata Levies: $6,869.39 per annum
Council Rates: $4,907.78 per annum
Property History for 6/38 Gartside St, Wanniassa, ACT 2903
- 31 Jan 2025Sold for $560,000
- 16 Jul 2024Listed for Sale $675,000
- 23 Dec 2015Sold for $453,000
Recent sales nearby
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About Wanniassa 2903
The size of Wanniassa is approximately 5.4 square kilometres. It has 24 parks covering nearly 22.9% of total area. The population of Wanniassa in 2016 was 7512 people. By 2021 the population was 7885 showing a population growth of 5.0% in the area during that time. The predominant age group in Wanniassa is 30-39 years. Households in Wanniassa are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wanniassa work in a professional occupation.In 2021, 77.40% of the homes in Wanniassa were owner-occupied compared with 76.20% in 2016.
Wanniassa has 3,238 properties. Over the last 5 years, Houses in Wanniassa have seen a 39.60% increase in median value, while Units have seen a 35.46% increase. As at 31 December 2025:
- The median value for Houses in Wanniassa is $927,474 while the median value for Units is $535,825.
- Houses have a median rent of $660 while Units have a median rent of $550.
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