Confidence in the Canberra commercial property market remains high following a busy auction day on Wednesday, 27 February 2019. This resulted in the sale of two blocks in Gungahlin above their reserve, due to strong bidding in the room.

These CZ5 mixed use sites are well positioned to service the established region of Gungahlin and surrounding areas with a mix of commercial and residential offerings. The blocks offer a variety of options for developments to cater for this already established community.

 

Suburb

Block

Section

Size

Zoning

Maximum Dwellings

Sold Price

Gungahlin Town Centre

3

246

3,035

CZ5

58*

$3.8m

Gungahlin Town Centre

4

246

2,705

CZ5

46*

$3.75m

* Requirement for 5 affordable dwellings