This versatile Northbourne Avenue space is sure to have 'strong appeal'

There’s consistent activity along Northbourne Avenue when it comes to developments.

In fact, this prominent gateway to Canberra is now substantially fringed with apartments and hotels – a strong indicator of the appeal and demand for both options along this high-traffic corridor.

Northbourne Village, on the doorstep of the CBD, will eventually become home to more than 700 apartments.

Embark, the first stage of this exciting development, is now fully occupied.

And that’s where investors – or owner-occupiers – will find a commercial option that can leverage their position among the resident population and neighbouring Inner North suburbs.

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Unit 174 offers 73 square metres at $474,500 (plus GST), a price point well under the stamp duty threshold.

It enjoys street presence with full-height glazing to Northbourne Avenue, where the light rail runs. And there’s a secure, allocated basement car bay.

This ground-floor space, presented as a cold shell, is zoned for a range of potential uses, from professional or personal services to food and beverage.

Tristan Cotchett of CBRE Canberra says quality commercial spaces under 100 square metres are relatively rare.

“This opportunity will have strong appeal, particularly among owner-occupiers looking for a quality space in a high-traffic area,” he says.

“Northbourne Avenue is becoming increasingly developed and spaces like this are well-positioned to service the needs of both residents and locals.”