Lease or occupy: Prime investment opportunity up for grabs in Canberra's industrial centre
There’s no doubt Fyshwick still holds the title as Canberra’s pre-eminent light industrial centre.
Sure, these days there are also plenty of big box retail and other specialty shops, but the beating heart remains warehouses and showrooms with added space for those essential office workers who keep the wheels in motion.
That’s why this property at 125-127 Gladstone Street, which offers the trifecta, is likely to get a lot of interest from owner-occupiers and investors.
The site, a smidgeon under 3000 square metres, comprises two standalone, double-brick commercial buildings which offer three strata-titled tenancies over 2033 square metres.
They offer wide-open spaces along with more structured setups for back-office admin.
Patrick Barton of Barton Commercial Property says there are compelling incentives for buyers.
“These highly flexible spaces would be very attractive to owner-occupiers,” he says. “They could operate out of all, or occupy parts and lease out the balance.”
Barton also says an investor would see the potential in leasing all three tenancies for a strong return, as much as $380,000 to $420,000 a year plus GST.
Unit 1 is currently leased until March 2027, but has been vacated.
“Opportunities like this are rare in Fyshwick and this would be a standout acquisition,” Barton says. “The strata titles also offer an owner the future option to sell units individually.”
The sale is asking for $5.5 million excluding GST.
