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47 Newcastle Street Fyshwick ACT 2609

  • Showrooms / Bulky Goods
  • 2,640 m²
  • For Sale, Contact Agent

High Yielding Retail Investment - Renewed Lease to ASX Listed Super Retail Group

  • Renewed 5 year lease + options to 2033
  • Fixed 3.5% annual rent increases
  • Net Income $466,640 pa + GST

Cushman & Wakefield are pleased to present to the market the BCF & Anytime Fitness Investment Property at 47 Newcastle Street, Canberra for Sale via Offers to Purchase.

The property has the following key characteristics:

• BCF - Renewed 5 year lease + options (76% of income) - in occupation for 10+ years
• BCF Australia - A wholly owned subsidiary of the ASX Listed Super Retail Group with a market cap of $1.7B
• Anytime Fitness Fyshwick - 5 year lease + options
• Anytime Fitness - The largest health club chain in Australia with over 3,300 clubs in 26 countries
• Fixed 3% and 3.5% annual rent increases
• Prominent main road frontage with 66 carparks
• Desirable 3,102 sqm corner site with excellent main road/intersection exposure
• Strategically located opposite Bunnings, The Good Guys and the Canberra Retail Outlet Centre – Harris Scarfe, The Coffee Club, Freedom, JB Hi-Fi, T.K Maxx & many more
• Canberra/Fyshwick - The Capital of Australia. Fyshwick is only 6.5 km’s from the CBD and has become Canberra’s one stop retail destination. Population of 406,057
• Net Income $466,640 pa + GST

For more information please contact the Exclusive agents at Cushman & Wakefield.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2014750986
Floor Area2,640 m²
Land Area3,102 m²
Parking66 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  14 Nov 2019
Map for 47 Newcastle Street Fyshwick ACT 2609
Map for 47 Newcastle Street Fyshwick ACT 260947 Newcastle Street Fyshwick ACT 2609
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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