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PROMINENT FYSHWICK BUILDING WITH VALUE ADD OPPORTUNITY

21 Albany Street, Fyshwick ACT 2609

$2,250,000

Other CommercialSize: n/a
Block size: 2601 m² approx.Other Commercial size: 1543 m² approx.UV: $1,156,000 (2019)
The property is located fronting Albany Street offering excellent exposure to the high volume of vehicular traffic that frequents this busy area of Fyshwick. This part of Fyshwick is popular with large format retailers as evidenced by Fantastic Furniture, Sydney Tools, Kennards Hire, Farrah's Liquor Collective, Road Tech Marine, Beacon Lighting, HIA Building Display and Schiavello being located in the immediate vicinity. Fyshwick is Canberra's major industrial/large format retail suburb and is located 15 minutes drive east of the CBD and 10 minutes drive north west of Queanbeyan.  

The improvements consist of two buildings, one comprising a two-level commercial building fronting Albany Street providing a ground floor showroom leased to Now Furniture and a walk up first floor office area that is currently vacant. The other building also leased to Now Furniture is located at the rear of the block and provides medium clearance, warehouse/storage accommodation. Other improvements include marked car parking across the frontage, and a paved courtyard at the rear of the two-storey building.

Key Investment Highlights:
- New 5 year lease from 1 August 2020 to established tenant.
- 3% fixed annual increases.
- Tenant pays increases in statutory outgoings over 30 June 2015 base year

Suited to the office owner occupier or savvy investor, call Frank Giorgi 0403 839 822 for further information or to request an executive summary.

When to inspect

No open times scheduled
Contact agent to arrange an inspection.

Key details

Property Type:Other Commercial
Block:51
Section:29
Block Size:2601 *
Other Commercial Size:1543 *
Unimproved Value:$1,156,000 (2019)
Rates (Residential):$7,419*
Rates (Commercial):$57,758*
Rates (Rural):$2,297*
Land Tax (Residential):$12,572*
*These are approximate values based on available information.
LJ Hooker Commercial Canberra

Maps and area information

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Block information
Block 51 Section 29 Fyshwick
Block size: 2601 (approx)
Unimproved value: $1,156,000 (2019)
Legal description: CANB/FYSH/29/51/
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2020.
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What's nearby

St Benedict's Primary SchoolPrimary School
3.3km
Queanbeyan High SchoolHigh School
4.6km
Queanbeyan District Hospital & Health ServiceHospital
5.3km
Riverside PlazaMajor Shopping Centre
5.3km
Australian National UniversityUniversity
7.8km
St Clare's CollegeCollege
3.2km
Kingston Post OfficePost Office
3.9km
Canberra Institute Of TechnologyTafe
2.3km

Property history
New

Suburb and property insights

Median salesMedian salesUnimproved value for 21 Albany StreetUnimproved value for 21 Albany Street
Median Sale Price For Fyshwick
A$465,000
Average Age
49 years
Population
56
Fyshwick's Property Profile
Fyshwick's Occupancy
Average Age
49 years
Population
56
Fyshwick's Property Profile
Fyshwick's Occupancy

Contact agents

LJ Hooker Commercial Canberra

LJ Hooker Commercial Canberra

View agency details
Frank GiorgiLJ Hooker Commercial Canberra
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Listing ID: 178521068. This listing has been viewed 118 times. It was first displayed on 20/07/2020 and last updated on 24/09/2020.