Quality multi tenanted complex in Fyshwick which is Canberra’s established bulky goods precinct and the largest commercial/industrial area in the ACT.
Fyshwick is home to many government departments including the Department of Defence, Customs, Forestry and Fisheries and national retailers including Harvey Norman, Bunnings, Bing Lee, The Good Guys, and Nick Scali.
This complex has received over $2 million in upgrades by both the current owners and tenants internally and externally and include lift, two office fit-outs undertaken by the tenants, modernized showroom with large display windows. Security upgrades include fully fenced yard with on site car parking and electronic gates with after hours access, swipe card access for two first floor tenants.
There is 5 tenants with leases in place with options & attractive minimum 3% annual rent increases.
Substantial investment was undertaken by Lessor & Lessee to have the NBN connected to both buildings.
Large secure onsite car park for 54 cars.
Prominent and valuable 3,623 sqm land holding.
Substantial building with net let-table area of 1,732 sqm.
Management in place for this investment.
Net Income: $219,086.99 pa + GST.
To be sold by auction on 31st October 2019, at Doltone House Hyde Park, Sydney
Auction sale contract & IM available on request.
For more details, please email agent