ASX TENANT AND LOCATION MAKES A SMART INDUSTRIAL INVESTMENT

Highlights

• Under Market rent
• Stamp Duty savings
• Three Titles allows future flexibility

Description

A quality ASX, tenant Capital S.M.A.R.T Repairs Australia, leases 4,935 sqm site over three titles comprising 59-61 Collie Street and 63-65 Collie Street, Fyshwick.

59-61 Collie Street has a wide frontage of 49 metres with 1,500 sqm warehouse/admin office fitted out by the tenant.

63-65 Collie Street is a 765 sqm warehouse incorporating two strata-titled warehouses. The site is 1,946 sqm fully hardstand incorporating the adjoining site. Both blocks are combined in the one, five (5) year lease commencing 18 February 2019 and 5 + 5 year options. Full makegood applies. This is the only Capital S.M.A.R.T operation in Fyshwick with a central location for its many customers.

Annual CPI reviews with a Market review due in 2024 - allowing room for good rental growth with current rent only $137 per square metre gross

This property is in the heart of Canberra's leading industrial suburb, Fyshwick. Collie Street connects Newcastle and Wollongong Streets, major arterial roads within the suburb and boasts major local and national business besides Capital S.M.A.R.T such as Amart, Storage King and Metal Mart.