5 Garema Place
City ACT 2601, Australia
Key details
- Locality
- City
- State
- ACT
- Coordinates
Latitude and longitude for the mapped property location.
- 35.27841353 / 149.13153514
- GNAF PID
A unique ID for this address in Australia's national address database.
- GAACT714893060
- Legal parcel ID
The official land parcel identifier used on property titles and plans.
- CANB/CITY/35/14
- Remoteness area
- Metro
- Property type
- Commercial
- Land size
- 137 m²
- Internal area
- -
- Land Use Category
What the land is mainly used for, such as Residential, Commercial, Industrial or Other.
- Commercial
Commercial property information
Market estimates
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.
Sales history
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 20 Dec 2019 | $3,412,500 | $24,908 |
Price per m² based on land size of 137 m².
Real Estate Agencies
Frequently asked questions
What is the total floor area available at 5 Garema Place?
The property offers 137 m² of land area, providing a compact but functional space ideal for a bar operation
Is the premises currently being used as a bar?
Yes, the site is presently occupied by "Blue Eyes," an operational bar, demonstrating its suitability for hospitality use
What public transport options are available nearby for staff and patrons?
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
Which nearby amenities could help drive customers to a bar at this address?
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
How does the central CBD location affect the business potential of this site?
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
Are there complementary commercial establishments nearby that could benefit a bar business?
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
What makes 5 Garema Place suitable for a bar or similar hospitality venture?
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
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