Land bank opportunity: Prominent Canberra site with blue-chip tenant

Anyone who has ever been to Fyshwick will be able to pinpoint the exact location of this building at 2-4 Barrier Street.

For those playing at home, a clue: it’s on the corner of the main Newcastle Street drag, and the building on-site is very, very blue.

Yes, this blue ribbon site of 2128 square metres is anchored by tenant Tyrepower and is on the open market for the first time in 60 years.

In all that time, it has mostly operated as a tyre and mechanical workshop.

Tyrepower has tenanted the site since 2012 and is wedded to it until 2031 with a further five-year option.

There’s an annual net income of around $193,000 (excluding GST) with fixed annual rental increases of 4 per cent.

The property offers about 1450 square metres of net lettable area, plus on-grade customer parking and dual street access. There have been recent building refurbishments, including to the reception, workshop and amenities.

Sam Pearson of Hilton Advisory says it’s a rare opportunity to secure a landmark asset.

“It doesn’t come much better in terms of location, positioned on arguably Fyshwick’s most prominent corner,” he says.

“That’s being expressed in the interest we’re getting from land bankers. They understand that it really is a once in a lifetime opportunity.”

Expressions of Interest Closing 17 March 2026

2-4 Barrier Street, Fyshwick ACT 2609

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