6/38 Gartside Street, Wanniassa, ACT 2903 sold on 31 January 2025 | OnTheHouse
SOLD
Sold on 31 Jan 2025 for $560,000

6/38 Gartside Street
Wanniassa ACT 2903

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 110m2
Land area: 4663m2
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Property Details for 6/38 Gartside St, Wanniassa

Building Type
Commercial
Floor Size
110m2
Land Size
4663m2
Local Government
Tuggeranong
Lot/Plan
WANNIASSA: Block 19, Section 127, Unit 6

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

Lease Option: 1x 5 Years Option
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

A timeline of how this property has performed in the market
Last Sold
$560,000
31 Jan 2025
Listed for Rent
14 Jul 2014
  • 31 Jan 2025
    Sold for $560,000
  • 16 Jul 2024
    Listed for Sale $675,000
  • 23 Dec 2015
    Sold for $453,000
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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 38.21% increase in median value, while Units have seen a 36.70% increase. As at 30 November 2025:

  • The median value for Houses in Wanniassa is $927,539 while the median value for Units is $538,529.
  • Houses have a median rent of $670 while Units have a median rent of $550.
There are currently 7 properties listed for sale, and 11 properties listed for rent in Wanniassa on OnTheHouse. According to Cotality's data, 118 properties were sold in the past 12 months in Wanniassa.

Suburb Insights for Wanniassa 2903

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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.