Braddon ACT 2612, Australia
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
The property is occupied by Madison Capital Executive Apartments and operates as a hotel. It is an active, revenue‑generating hospitality business
Land adjoining Northbourne Avenue is zoned for high‑density residential development, permitting redevelopment up to 25 metres (about eight storeys) or 32 metres at corner sites. Mixed‑use options are also allowed, making the site suitable for expanded hotel or serviced‑apartment projects
The premises are within walking distance of two Canberra Metro stations – Elouera Street (≈0.2 km) and Ipima Street (≈0.5 km). Major arterial roads, including Northbourne Avenue itself, provide direct vehicle access to the Canberra CBD
The site is surrounded by hospitality businesses such as Capital Executive Apartment Hotel, Pacific Suites Canberra, and the Avenue Hotel (all within 0.5 km). Nearby entertainment venues, cafés, restaurants on Lonsdale Street and Haig Park (≈0.1 km) also attract guests
Braddon is an inner‑north suburb adjacent to the Canberra CBD, known for its vibrant entertainment precinct, art galleries, cafés, and bars. The dense, youthful population and strong professional demographic make it a high‑traffic location for hotels
In addition to the nearby Metro stations, the property benefits from easy road connections to the CBD via Northbourne Avenue and is close to major bus routes serving the city centre and surrounding suburbs
The area includes several heritage‑listed sites, such as the Braddon Garden City precinct and the former Coggan’s Bakery, but the specific parcel on Northbourne Avenue is zoned for modern mixed‑use and high‑rise development, allowing considerable flexibility for hotel expansion
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