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156-162 Gladstone Street
Fyshwick ACT 2609
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Sold on 5 Feb 2024

156-162 Gladstone Street Fyshwick ACT 2609

  • Showrooms / Bulky Goods
  • 1,979 m²
  • Sold, $4,825,000

Quality Tenanted Investment

    Burgess Rawson are delighted to exclusively offer For Sale this exceptional tenanted investment in one of Fyshwick's most prominent locations on Gladstone Street.

    The standalone building at 156-162 Gladstone Street in Fyshwick boasts one of the most prime and visible locations, with high volumes of passing traffic and provides excellent accessibility to key routes such as Canberra Avenue and the Monaro Highway, connecting seamlessly to Queanbeyan, the CBD, and Canberra Airport. Additionally, the property offers some of the best signage and exposure opportunities available in Fyshwick.

    Fyshwick is the premier commercial and industrial region in Canberra, facilitating goods and services along with a strong retail mix. Surrounded by major wholesale and retailers such as Canberra Outlet Centre with over 110 National tenants plus surrounding national groups including Intersport, McDonald's, Bunnings, Domayne, Anaconda, Chemist Warehouse, Kennards, Harvey Norman, and the Good Guys to name just a few. In addition to this, there is a large representation of Commonwealth Government offices, Defence agencies and the private sector.

    Constructed with a combination of concrete and brick, the building features a metal roofing system and upgraded front exterior. The property offers two distinct fenced yards, each equipped with on-site private car park/truck areas. Customer parking is conveniently situated at the front entrance of each of the front tenancies. Additionally, the warehouses provide separate roller door access and on-grade truck loading areas and unit 1 includes a 3.2 Tonne overhead crane.

    Investment security is assured with two long established tenants in Alucom & Interactive.

    Both unit 1 & 2A have extensive internal fit out, which demonstrates a strong desire for long term commitment by the tenants. Their fit outs consists of quality workout stations, offices, meeting rooms, lighting and kitchenettes with the added benefit of male, female toilets.

    Unit 2B features an approved wash bay at the rear and is equipped with a cool room, pallet racking, and roller door access.

    This building stands out as an excellent investment prospect, currently leased to two distinct tenants, including Interactive, with an appealing lease option featuring a minimum annual rent increase of 3%. Additionally, there is the enticing opportunity to either owner-occupy unit 2B, covering approximately 357sqm and currently in use by the present owners, or secure a lease for this space. Demand for units of this size in the Fyshwick market is high, and availability is limited.

    For sale by private treaty.

    + High exposure location
    + Two large on site yards with car parking
    + Multiple access points
    + Estimated net income - $293,577 p.a. + GST.
    + Further lease option unit 2A
    + Zoning: IZ2 Industrial mixed use

    Tenants:
    + Alucom Security Doors & Screens started in 1989
    + Interactive - The largest privately owned IT services company in Australia

    Unit 1 - 1039sqm
    Unit 2A - 583sqm
    Unit 2B - 357sqm
    Total Building Area - 1979sqm

    Block area - 3968sqm

    Price guide - Offers around $4.7 million excluding GST

    For further information or to arrange an inspection please contact the exclusive agent:

    Steve Burke 0428 434 464

    Property Highlights

    Date Sold5 Feb 2024
    Sold Price$4,825,000
    Floor Area1,979 m²
    Land Area3,968 m²
    EnergyAsk Agent
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2018950749
    Category
    Last updated  26 Feb 2024
    Map for 156-162 Gladstone Street Fyshwick ACT 2609

    Property Highlights

    Date Sold5 Feb 2024
    Sold Price$4,825,000
    Floor Area1,979 m²
    Land Area3,968 m²
    EnergyAsk Agent
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2018950749
    Category
    Last updated  26 Feb 2024

    Listed by

    Steve Burke
    Burgess Rawson Canberra
    Call
    0428 434 464

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