5 Garema Place, City ACT 2601, Australia
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sold | Dec 2019 | $3,412,500 | $24,908 |
Price per m² based on land size of 137 m².
The property offers 137 m² of land area, providing a compact but functional space ideal for a bar operation.
Yes, the site is presently occupied by "Blue Eyes," an operational bar, demonstrating its suitability for hospitality use.
The location is adjacent to City Interchange (0 km) and within 0.2 km of Alinga Street Metro station, with additional bus services at Jolimont Centre, offering excellent connectivity.
Within a 0.3 km radius there are cafés (Gus Cafe, Gus's), a cinema (Dendy Canberra Centre), a hotel (Novotel Canberra), and popular public spaces such as Veterans Park, all of which generate foot traffic.
Being in the heart of Canberra’s CBD ensures high pedestrian flow and visibility, making it attractive for a hospitality venue looking to capture both office workers and visitors.
Yes, the area includes nearby restaurants, the Greater Union Civic cinema, and the National Drug Strategy office, which can provide a diverse client base and cross‑patronage opportunities.
The property’s central location, existing bar operation, ample 137 m² layout, and proximity to transport hubs, cafés, hotels, and entertainment venues create a strong environment for a successful hospitality business.
