Knight Frank Canberra are proud to exclusively present 56-58 Kembla Street, Fyshwick, available For Sale via Expressions of Interest.
Fyshwick stands as Canberra’s most established and active industrial-commercial precinct, underpinned by excellent connectivity and a concentration of major national retailers and service operators. The suburb benefits from strong positioning close to primary transport routes linking the ACT and NSW, offering seamless access for freight, trade, and commercial users alike. The area is also home to several of Canberra’s largest and busiest commercial destinations, including the Canberra Outlet Centre, which provides a wide mix of national brands and draws consistent customer traffic. Fyshwick additionally features major large-format retailers such as Bunnings and Harvey Norman, reinforcing its reputation as a powerhouse bulky goods and trade precinct. Adding to its strategic appeal, Fyshwick enjoys immediate proximity to Canberra Airport, providing advantageous access for businesses servicing national logistics, government, and corporate operations.
56-58 Kembla Street is a 6-unit, stand-alone holding consisting of four warehouses and two cool room/food processing facilities. All tenancies have capacity for parking and loading goods as well as on grade parking for staff and customers. The property encompasses a total of 1,197 sqm* of Net Lettable Area on a 2,201 sqm* block within a IZ2 (Industrial Mixed Use) zone.
All 6 tenancies are income generating with all statutory outgoings paid for proportionately by the tenants creating the ideal scenario for investors seeking passive income. Tenancy breakdown as follows.
Unit 1: Mechanic
Lease Expiry Date: 30 November, 2027 with further 2 year option
Net Income: $22,600 excl GST
Annual Increases: 5%
Size: 113 sqm*
Unit 2: ACT Government Contracted Mobility Services
Lease Expiry Date: 31 March, 2029 with further 3 year option
Net Income: $22,000 excl GST
Annual Increases: 4%
Size: 110 sqm*
Lease Status: Signed Heads of Agreement signed and deposit paid. In the event that the Lease does not progress, the seller shall provide a 12 month Rental Guarantee at the above rate, commencing from the agreed Settlement Date.
Unit 3: Construction Company
Lease Expiry Date: 01 December, 2029 with further option
Net Income: $21,600 excl GST
Annual Increases: 4%
Size: 108 sqm*
Units 4 & 5: Butcher
Lease Expiry Date: 31 August, 2028 with further 3 year option
Net Income: $106,610 excl GST
Annual Increases: 3%
Size: 509 sqm*
Unit 6: Bakery
Lease Expiry Date: 31 August, 2035 with further 5 year option
Net Income: $64,380 excl GST
Annual Increases: 4%
Size: 348 sqm*
The property has also just received a brand new painting of the façade, providing a fresh, more pristine presentation to its occupants.
Key Investment Points:
• Multi tenanted asset with diversified income.
• Ten-year lease covering 29% of NLA.
• Prime Fyshwick location with strong commercial demand.
• Strong net income profile.
• On grade car parking.
• 1,197 sqm* NLA on 2,201 sqm* site.
• WALE (by income) as of 01 April, 2026: approximately 4.04 years*
• Current Net Income of $237,190 excl GST p.a.
• Rates: $40,456* p.a.
• Insurance: $23,657.31* p.a.
• Water & Sewerage: $3,275.28* p.a.
This property is to be sold via a 5-week Expressions of Interest (EOI) campaign, closing at 4:00pm (AEST) on Wednesday, 29th of April, 2026.
For further information regarding this opportunity, please contact exclusive selling agents Paul Douglas-MacDonald and Lucas Brinkmeyer of Knight Frank Canberra today.
*Approx.
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