Team Moto, Prime Fyshwick Showrooms, 30 Ipswich Street,
Fyshwick, ACT 2609

Fyshwick is the major large format retail hub for Canberra and the surrounding region.
Fyshwick is located in the south-eastern part of Canberra, the capital city of Australia. It is bordered by Canberra Avenue to the west and Monaro Highway to the east. Fyshwick is accessible from the city centre via Canberra Avenue, a major arterial road that connects to Commonwealth Avenue Bridge. Fyshwick is also close to the Canberra International Airport, which can be reached via Monaro Highway, another major arterial road that links to Pialligo Avenue.

For sale by expressions of interest closing Thursday 7 November 2024 are 2 high quality prominent showroom units in Fyshwick, ACT. The two units for sale make up 2 of the total of 3 units on the strata plan. The third unit is not part of this sale and is occupied by Capital Subaru.

The Vendor will consider offers for both units or each unit individually.

Unit 1 is on a new 5 year net lease to MW Motorcycle Holdings trading as Team Moto, the largest most successful motorcycle dealership in the ACT. Team Moto sells a range of popular brands, such as Honda, KTM, Ducati, Husqvarna, Yamaha and Kawasaki and has been operating since 1974 with 25 locations across the eastern seaboard. The renewed 5 year lease is a net lease commencing 31 October 2024 and returning $504,390 + GST per annum ($255/sqm pa + GST) in the first year, with annual CPI increases. The unit has a total showroom space of 1,978sqm plus a basement car park of 1,309sqm, which is currently used as a motorcycle workshop by Team Moto.

Unit 2 is available with vacant possession, giving you the opportunity to move in or find a suitable tenant for your property. The unit has a total showroom of 1,454sqm plus a basement of 991sqm, which offers parking for approximately 25 cars plus a further 8 spaces in front of the unit and 8 motorcycle parking bays. The unit has excellent exposure and access from Ipswich Street and can suit car dealerships, a variety of showroom uses, light industrial or other uses, subject to approval.

The purpose clause is:

Vehicle sales; bulky goods retailing; funeral parlour, and light industry. Unit 2 may also use a maximum gross floor area of 200sqm for the purpose of a supermarket or shop selling food and a maximum gross floor area of 3,000sqm for the purpose of other shops except bulky goods retailing. Please refer to the Unit Plan via the IM for all details on the Purpose Clause.

Don't miss this chance to secure a premium property in Fyshwick, the major large format retail hub for Canberra and the surrounding region. Contact us today to arrange an inspection or request more information.

Expressions of Interest close 4:00pm Thursday 7th November 2024.