149 Canberra Avenue,
Fyshwick, ACT 2609
Development Sites & Land
Price information
Sold
$7,200,000
Detailed listing
Key property information
Land area
Zoning
Tenure type
NABERS
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Map of 149 Canberra Avenue
Canberra Avenue Portfolio
149 Canberra Avenue, 151 Canberra Avenue, 9 Nyrang Street & 11 Nyrang Street,
Not often does an opportunity such as this come up in the Canberra market. It Consists of four significant land parcels totalling 19,228 sqm* bound by Canberra Avenue, Nyrang Street and Dalby Street.
• To be sold separately or in one line
• Four significant land parcels
• Total land area of 19,228 sqm* with further development upside
• Anchored by 7-Eleven and KFC
• Total Net Income of $1,066,927 plus-GST*
• One of Canberra's busiest locations
Anchored by 7 Eleven and KFC, the overall site offers a diverse tenancy profile with future development upside, subject to Town Planning and approvals. Accordingly, there is the opportunity for significant 'value add' through repositioning of the assets.
A Development Application is currently under assessment by the ACT Government to construct two new single level commercial buildings on 151 Canberra Avenue for shop uses (designed to accommodate food offerings). The Development Application also considers the redevelopment of the existing KFC. This is a significant advantage to the buyer in determining a future strategy for the site, should they adopt these plans.
Flexible in the offering, the sites are For Sale by Expressions of Interest and to be sold either in one line or separately. This is a unique opportunity for investors to acquire a trophy asset in one of Canberra's busiest locations, or a significant land hold with excellent passing income with a future development play.
*Approximate.
Not often does an opportunity such as this come up in the Canberra market. It Consists of four significant land parcels totalling 19,228 sqm* bound by Canberra Avenue, Nyrang Street and Dalby Street.
• To be sold separately or in one line
• Four significant land parcels
• Total land area of 19,228 sqm* with further development upside
• Anchored by 7-Eleven and KFC
• Total Net Income of $1,066,927 plus-GST*
• One of Canberra's busiest locations
Anchored by 7 Eleven and KFC, the overall site offers a diverse tenancy profile with future development upside, subject to Town Planning and approvals. Accordingly, there is the opportunity for significant 'value add' through repositioning of the assets.
A Development Application is currently under assessment by the ACT Government to construct two new single level commercial buildings on 151 Canberra Avenue for shop uses (designed to accommodate food offerings). The Development Application also considers the redevelopment of the existing KFC. This is a significant advantage to the buyer in determining a future strategy for the site, should they adopt these plans.
Flexible in the offering, the sites are For Sale by Expressions of Interest and to be sold either in one line or separately. This is a unique opportunity for investors to acquire a trophy asset in one of Canberra's busiest locations, or a significant land hold with excellent passing income with a future development play.
*Approximate.
Additional information
External websites
Property ID: 504748888Last Updated: 2 Dec 2024
149 Canberra Avenue
Fyshwick, ACT 2609
Detailed listing
RWC - CanberraLevel 1, 32 Lonsdale Street
BRADDON, ACT 2612
BRADDON, ACT 2612
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