Burgess Rawson are delighted to exclusively offer for sale by expressions of interest this prominent building on Newcastle Street Fyshwick with street frontage and ample on-site car parking available for both customers and staff. Prime location with connection to Monaro Highway, CBD and Canberra Airport.
Fyshwick is the premier commercial and industrial region in Canberra, facilitating goods and services along with a strong retail mix. Surrounded by major wholesale and retailers such as King Furniture, Harvey Norman, Good Guys, Bunnings, McDonald's, Drummond Golf and Beaumont Tiles in addition to Commonwealth Government offices.
157 Newcastle Street is a standalone building currently split into two tenancies and located on the most prominent street in Fyshwick with high passing traffic.
The two units incorporate showrooms, ceiling tiles, lighting, separate loading docks and kitchenettes with the added benefit of male, female, toilets and secure fenced rear yard.
The building presents itself as a fantastic investment opportunity being rented by two long established tenants with options to put new leases in place plus attractive minimum annual rent increases.
Great opportunity for owner occupiers to purchase on Newcastle Street and change the building to meet your requirements with a large secure yard.
For sale by EOI closing 4pm Thursday 08th December 2022, with offers consider prior.
- Prominent signage for tenants or owner occupiers
- Large on-site rear car park
- Estimated potential net income - $171,600
- Zoning: IZ2 Industrial Mixed Use
- New lease opportunities
Current Tenants
• Australian Hot Water
(In occupancy approximately 30 years)
Month to Month tenancy
• Nu - Lay Flooring Xtra
(In occupancy since 1971)
Month to Month tenancy
Land area - Approximately 1,654sqm
Total Building area - Approximately 780sqm
Unit 1 - Approximately - 390sqm
Unit 2 - Approximately - 390sqm
For sale by EOI closing 4pm Thursday 08th December 2022, with offers consider prior. To express interest please submit here - https://www.cognitoforms.com/BurgessRawsonACT/expressionofinterestsale
For further information or to arrange an inspection please contact Guy Randell on 0430 272 999 or Steve Burke on 0428 434 464 or Michael Burke on 0491 628 839
Remember to mention you found this property on CommercialReady
