9 Waramanga PlaceWaramanga ACT 2611
Property Details for 9 Waramanga Pl, Waramanga
Last Listing description (November 2022)
JLL is pleased to present 9-11 Waramanga Place, Waramanga to the market for sale by Expressions of Interest Closing 4pm Thursday 10 November 2020 (AEDT) .
9-11 Waramanga Place is a 240 sqm single titled building located in the Waramanga Local Centre Precinct. Waramanga is situated in the region of Weston Creek just minutes to the Woden Town Centre. According to data released from the ABS, the median age of residents is 38, showing the area is home to a young and growing cohort.
The building is currently leased to the Waramanga Newsagency who also operates Waramanga Bottlemart, NSW Lotteries and Australia Post parcel collection facilities and is paying below market rent for the space. The building has been trading as a post office for over 30 years with the current tenant signing a long term lease in 2020.
To add to the value of this investment, the Crown Lease allows for the building to be split into two tenancies to further increase returns in the future (STA).
Other tenants in this thriving local centre include an IGA, medical centre, chemist, bakery, hair and beauty salon and cafe.
Long Standing news agency operating for over 30 years
7.9 year WALE + 10 Year option
Current rent below market*
Tenant pays increases in outgoings over base year 2020 ensuring growth
300 sqm land area
CPI annual rental increases
Crown Lease allows for the building to be split into two units to increase future returns (STA)
Stamp duty exempt investment
Net Income $60,703 pa + GST
(*Approx as at 1 October 2022)
For Sale by Expressions of Interest Closing 4pm Thursday 10 November 2020 (AEDT)
Property History for 9 Waramanga Pl, Waramanga, ACT 2611
- 09 Nov 2022Sold for $1,100,000
- 05 Oct 2022Listed for Sale Contact Agent
- 14 Feb 2013Sold for $600,000
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About Waramanga 2611
The size of Waramanga is approximately 1.7 square kilometres. There are 9 parks, covering nearly 24.9% of the total area. The population of Waramanga in 2016 was 2629 people. By 2021 the population was 2785 showing a population growth of 5.9% in the area during that time. The predominant age group in Waramanga is 30-39 years. Households in Waramanga are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waramanga work in a professional occupation.In 2021, 70.20% of the homes in Waramanga were owner-occupied compared with 67.30% in 2016.
Waramanga has 1,205 properties. Over the last 5 years, Houses in Waramanga have seen a 33.83% increase in median value, while Units have seen a 23.65% increase. As at 31 May 2026:
- The median value for Houses in Waramanga is $1,000,384 while the median value for Units is $545,690.
- Houses have a median rent of $680 while Units have a median rent of $540.
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