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5 Tennant Street
Fyshwick ACT 2609
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Sold on 25 Aug 2020

5 Tennant Street Fyshwick ACT 2609

  • Shop & Retail
  • 4,049 m²
  • Sold, $15,000,000

CANBERRA'S #1 INVESTMENT OPPORTUNITY

  • Commonwealth covenant occupying 79%
  • Striking building, contemporary design
  • Strong 6.8 * year WALE by income

5 Tennant Street is the epitome of the "perfect ACT investment", with a highly sought-after covenant being the Commonwealth of Australia, occupying 79% of the building. This is an ideal opportunity for the astute investor to acquire a secure, passive investment and unlock the benefits from day one.

Raine & Horne Commercial Canberra have the privilege to offer 5 Tennant Street, Fyshwick ACT for sale.

• Estimate Net Income: $1,107,485 p.a ex. GST^
• Fully Leased with a 6.8* year WALE^ by income, featuring 3 - 3.5% annual rent reviews
• 79% occupied by the Commonwealth of Australia being AAA rated
• Modern and attractive building, with 4,049sqm* NLA across 2 levels of office serviced by a lift
• Secure under croft car park, with 115 allocated bays
• Excellent historical leasing performance
• Built in 2007 providing potential depreciation benefits
• Highly efficient and flexible floor plates of 2,100sqm* with great natural light
• 4.0 start NABERS Energy Rating

^As at 1 May 2020| *Approx.

Parties interested in acquiring this key asset are invited to lodge an Expressions of Interest (EOI) by 4pm on Thursday, 23 April 2020.

Please contact the selling agents to receive a detailed IM and access to the data room, or to arrange an inspection of the property.

Canberra Commercial
Canberra Commercial
4 Kennedy Street
Kingston, ACT 2604

Property Highlights

Date Sold25 Aug 2020
Sold Price$15,000,000
Floor Area4,049 m²
Land Area4,703 m²
Energy4-star NABERS Energy rating
Parking115 x Onsite parkings
Property ID2016167745
Category
Last updated  25 Aug 2020
Map for 5 Tennant Street Fyshwick ACT 2609

Nearest transport* to 5 Tennant Street Fyshwick ACT 2609

Bus
Train
Albany St before Collie St345 m
Newcastle St Before Molonglo Mall348 m
Newcastle St before Molonglo Mall348 m
Newcastle St after Wollongong St350 m
This data is © 2024 Transport Canberra, licenced under CC BY 4.0.
*Within a 4km radius
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Canberra Commercial
Canberra Commercial
4 Kennedy Street
Kingston, ACT 2604

Property Highlights

Date Sold25 Aug 2020
Sold Price$15,000,000
Floor Area4,049 m²
Land Area4,703 m²
Energy4-star NABERS Energy rating
Parking115 x Onsite parkings
Property ID2016167745
Category
Last updated  25 Aug 2020

Listed by

Michael Ceacis
Michael Ceacis
Canberra Commercial
Call
0409 321 126

More about 5 Tennant Street Fyshwick ACT 2609

5 Tennant Street Fyshwick ACT 2609 is categorized as Shop & Retail Property. It has a floor area of 4,049 m² and a land area of 4,703 m². There are 115 x onsite parkings.The listing ID for this property is 2016167745.

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