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36 Mildura Street
Fyshwick ACT 2609
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Sold on 23 Dec 2021

36 Mildura Street Fyshwick ACT 2609

  • Shop & Retail
  • 7,790 m²
  • Sold

Canberra's Most Iconic Daily Needs Investment

An irreplaceable ACT landmark with opportunity to add value.
Prime location in the largest and most important commercial precinct in Canberra's Inner South, 5 km from the CBD.
Major 26,582 sqm* site with 542 car spaces* and 1,500 sqm* of potential expansion land.
Outstanding, long term tenant retention in the Fresh Food Markets with an average ongoing tenure on site of 26 years.
Long 5.62 year WALE* with scope for immediate upside.
Strategic essential service investment with 91% of income from established Daily Needs tenants.
94.5% of income from tenants who traded through lockdowns.
The Fyshwick Markets anchor several major food and beverage manufacturing, supply chain and wholesale facilities in the surrounding precinct, including divisions of Woolworths (PFD), Metcash (ALM) and Bega Cheese (Canberra Milk), all within 500 metres.
Trade catchment of 477,437 residents within 25 km, projected to increase 18.68% to 566,633 by 2031 (GapMaps).
Canberra has the highest average salaries in Australia, 9.9% above the Australian average (ABS).
Total retail expenditure in the ACT region is forecast to balloon by 70% in the next 15 years, from $7.7 billion to $13.1 billion, reflecting an average annual growth rate of 3.6% (Precisely).
Local house prices up 67% in the last 12 months (All Homes).
97% occupancy with passing net operating income of $3,695,794 pa* ($3,830,998 pa* fully leased) with favourable rent reviews across the centre.

Expressions of Interest now closed.
Offers under review.

Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold23 Dec 2021
Floor Area7,790 m²
Land Area2.66 ha
ParkingAsk Agent
Property ID2017337919
Category
Last updated  20 Jan 2022
Map for 36 Mildura Street Fyshwick ACT 2609

Nearest transport* to 36 Mildura Street Fyshwick ACT 2609

Bus
Train
Canberra Av after Nyrang St214 m
Canberra Av After Nyrang St215 m
Canberra Av before Mildura St283 m
Canberra Av Before Mildura St284 m
This data is © 2024 Transport Canberra, licenced under CC BY 4.0.
*Within a 4km radius
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Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold23 Dec 2021
Floor Area7,790 m²
Land Area2.66 ha
ParkingAsk Agent
Property ID2017337919
Category
Last updated  20 Jan 2022

Co-Agents

Billy Holderhead
Billy Holderhead
Burgess Rawson VIC Pty Ltd
Call
0422 817 696
Zomart He
Zomart He
Burgess Rawson VIC Pty Ltd
Call
0488 220 830
Darren Beehag
Darren Beehag
Burgess Rawson Sydney
Call
0411 226 223

More about 36 Mildura Street Fyshwick ACT 2609

36 Mildura Street Fyshwick ACT 2609 is categorized as Shop & Retail Property. It has a floor area of 7,790 m² and a land area of 2.66 ha. The listing ID for this property is 2017337919.

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