Rare City Centre Retail Unit for Purchase and Lease
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332/240 Bunda St, City ACT 2601

Sale $1,300,000 +GST/Lease $85,000+Outs+GST

RetailSize: n/a
Block size: 4180 m² approx.UV: $28,250,000 (2023)
Manhattan on the Park comprises 330 residential apartments over 16 levels located within the Canberra CBD adjacent to Glebe Park, the Canberra Centre, Casino Canberra and large office and commercial buildings. This retail tenancy is located on the prime corner of Bunda & Akuna Streets.

Features:
Size: 130sqm of retail space
Amenities: Includes 1 car park
Facilities: Connection to grease trap
Suitable For: Perfectly suited for cafe and restaurant use
Location: Prime location just across the street from Canberra Centre and Canberra Casino
Surroundings: Surrounded by high-density apartment developments, offices, restaurants, and retailers
Permitted usage: Restaurant, Shop and Non-Retail Commercial use

Outgoings:
Rates: $7780.42
Body Corporate Levy: $11,146
Water rates: $747.08
City Centre Levy: $368.92

Situated directly across the street from Canberra Centre and Canberra Casino, this property benefits from high foot traffic and visibility. with 130sqm of retail space, the property offers versatility for various business models within the hospitality industry. Surrounded by a mix of residential and commercial developments, including high-density apartments, offices, restaurants, and retailers, the property enjoys a vibrant and bustling environment.
nbn® Fibre to the Building (FTTB) is available in this property
Max wholesale speed tier available: nbn® Home Fast

Inspections

No open inspections scheduled.

Send an enquiry

Contact Steven Shang to learn more about this property, request an inspection or take an online tour.

Key details

Garage Spaces:
1
Property type:
Retail
Block Size:
4180 *
Unimproved Value:
$28,250,000 (2023)

Other Details

Block:
1
Section:
52
Rates (Residential):
$138,334*
Rates (Commercial):
$1,385,942*
Rates (Rural):
$22,055*
Land Tax (Residential):
$292,508*
Legal description:
CANB/CITY/52/1
nbn® availability:
nbn® Fibre to the Building (FTTB)
*These are approximate values based on available information.
Ray White Commercial Canberra
  • Steven Shang

    Ray White Commercial Canberra

  • Daniel McGrath

    Ray White Commercial Canberra

Maps and area information

Land Details
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Block information
Block 1 Section 52 City
Block size: 4180 (approx)
Unimproved value: $28,250,000 (2023)
Legal description: CANB/CITY/52/1
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

What's nearby

Ainslie Primary SchoolPrimary School
1km
Campbell High SchoolHigh School
1.3km
Calvary Private HospitalHospital
5.4km
Canberra CentreMajor Shopping Centre
0.2km
Australian National UniversityUniversity
1.5km
Merici CollegeCollege
1.7km
City Post OfficePost Office
0.7km
Aust. Defence AcademyTafe
2.7km

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
15 Apr 2015
Sold
$902,000
Contract: 01/10/2014
Transfer: 15/04/2015
Block size: 4181m²
Transfer type: Full transfer
Purpose: *encroachment

City suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
27 years
Population
4,835
Unimproved value for City
$28,250,000
Listing ID: 182399101. This listing has been viewed 153 times. It was first displayed on 25/03/2024 and last updated on 25/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.