1/28 University Avenue City ACT 2601

Burgess Rawson is pleased to exclusively offer for sale this prime CBD retail property comprising a vacant ground floor shopfront (Unit 1A) alongside an adjoining leased restaurant tenancy (Unit 1B) at 28 University Avenue, Canberra.

Unit 1A is a vacant, high-exposure shopfront with full-height glass windows, excellent natural light, ceiling grid, lighting, and air-conditioning. Ready for immediate occupation, this versatile space suits a range of uses including café, retail, boutique services, or office. It provides a great opportunity for an owner-occupier to establish a presence in the CBD or for an investor to lease out and increase returns.

Unit 1B is securely leased to Ramen O Japanese Noodle & Dumpling, a well-established restaurant with a dine-in area, service counter, fully equipped commercial kitchen, exhaust hood, and grease trap. The tenant draws steady foot traffic and delivers immediate rental income with an attractive lease covenant.

28 University Avenue is a well-maintained nine-storey commercial building on the western edge of Canberra's CBD. It features refurbished lifts, shared amenities, base building air-conditioning, and a vibrant mix of ground floor occupants including a café, restaurant, and real estate agency.

Ideally located near ANU campus and NewActon precinct, this property offers easy walking access to Canberra Centre, public transport, major government offices, and the Law Courts, with great views over ANU, Black Mountain, and the leafy suburbs of Turner and O'Connor.

Key Highlights:
+ Ideal for office or retail use in a high-exposure location with excellent signage opportunities
+ Ground floor units:
- Unit 1A 194sqm (vacant)
- Unit 1B 112sqm (leased to Ramen O Japanese Noodle & Dumpling)
- Total combined area: approx. 306sqm
+ Foyer and lifts recently refurbished
+ Open shopfront windows with great natural light
+ Convenient access to public transport, parking, and light rail
+ Perfect for owner occupiers looking to occupy and invest simultaneously
+ Zoning: CZ1 Core Zone

For Sale by Private Treaty
$2,400,000 + GST

For further information please contact Steve Burke on 0428 434 464.