8-20 Townsville Street,
Fyshwick, ACT 2609

This is one of the rare opportunities in this tight market to secure a commercial property investment with true growth prospects.

4,873* sqm of mixed showroom, office & warehouse accommodation on a huge 10,110* sqm site with dual street access and 135* on site car parks. Building A is a 3,155* sqm showroom/warehouse building with 781* sqm leased to Amazing Clean Canberra and a 2374* sqm leased to Farrah's Liquor Collective. Building B is a two level 1,374* sqm showroom/office building leased to Trek Bikes and Ali Baba, with one small showroom vacancy of 172 sqm. Building C is a modern 383* sqm showroom leased to Wildflour Bakery & Cafe. Estimated fully leased net income is $508,438 pa plus GST.

Fyshwick is Canberra's main light industrial/large format retail precinct, being centrally located to Canberra as a whole. It is approximately 10-15 minutes' drive from the CBD and 5-10 minutes' drive from Parliamentary Precinct, Canberra International Airport and Queanbeyan. Fyshwick appeals to a broad range of businesses, with businesses in the area immediately surrounding this property including Australia Post, HIA Home Ideas Centre, Westpac & CBA banks, Super Amart Furniture, Canberra Toyota, Schiavello Interiors, Fantastic Furniture, Cusacks Furniture, Kennards Hire, John Cootes Furniture, Barrett Smash Repairs and Anthony Costelloe Automotive.

Most importantly, this property has an exceptional purpose clause that allows retail, tavern, club, non retail commercial, public entertainment, auditoria, commercial recreational facilities and banking, including being the only property in Fyshwick allowing a supermarket over 1,000 sqm.

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