Fyshwick industrial investment offers income now and upside later
Fyshwick rightly wears its crown as Canberra’s premier commercial and light industrial precinct – a definition with a certain amount of elasticity.
It has a strong retail element with a number of big-box retailers like the Canberra Outlet Centre, Harvey Norman and Bunnings.
The eclectic mix is part of Fyshwick’s appeal and why it continues to attract consumers and tradies from far and wide. It’s also why its properties are tightly held and the investor radar pings like crazy when a good option comes to market.
This opportunity to buy two free-standing industrial buildings on 1239 square metres in popular Collie Street is likely to set it off like a frenzied pinball machine.
The leased buildings offer a combined 820 square metres, while the site area provides hardstand, on-site parking and loading facilities. Annual rental income is about $127,000.
The larger-footprint building, on a month-to-month tenancy, creates a potential opportunity for a future owner-occupier.
Anthony Vatalis of Raine & Horne Canberra says the options also open up for investors.
“They may look to renegotiate lease terms, maximise the rental returns or reposition the asset to maximise its long-term value,” he says.
“This is a quality industrial investment with a GST-exempt sale price, and it offers immediate income with great future potential.”
Zoned uses include industrial, warehouse, trade, manufacturing, storage and showroom.
