For Sale

Whole Property, 15-19 Albany Street, FYSHWICK ACT 2609

  • Building Area 2,693 m²
  • Sale Price Target Price Return is Circa 5% net.

A Fantastic Investment in Canberra ACT

Highlights

  • National Retailer
  • Extensive upgrade by tenant in 2022
  • Prime location
  • Long Established lease

Description

This is a landmark building that has continually housed leading national bulky-goods furniture retailers, Fantastic Furniture. The building has modern improvements totaling 2,693 sqm, consisting of mainly showroom space with a warehouse component. The showroom space is over a tri-level layout with a lift servicing all levels and easy walk-up staircases

A long-term occupation with options up until 2031 and would consider extending longer given the tenant is currently completing a new internal fit out with a large capex expenditure

Located in the heart of Fyshwick in the number one recognised bulky-good/ furniture retailer precinct. Fyshwick is recognised as the leading industrial area of Canberra and is in close proximity to highways leading in and out of Canberra.

Zoning Industrial Council

ACT Planning Authority

Tenure

Tenanted Investment

Pricing

All prices are indicative plus GST (if any).

Sale Car Spaces

32

Tenure

The tenant, Fantastic Furniture, well established tenant currently upgraded the premise with new branding, carpet and additional onsite warehousing this year.

Building Area 2,693 m² Land Area 2,973 m2

Documents

Agents

Patrick Barton

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