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5 Tennant Street Fyshwick ACT 2609

  • Shop & Retail
  • 4,049 m²
  • For Sale, Price on Application

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, 16 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.

Property Highlights

Property ID2016167745
Floor Area4,049 m²
Land Area4,703 m²
Energy4-star NABERS Energy rating
Parking115 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  19 Mar 2020
Map for 5 Tennant Street Fyshwick ACT 2609
Map for 5 Tennant Street Fyshwick ACT 26095 Tennant Street Fyshwick ACT 2609
Raine & Horne Commercial Canberra
Level 1, 22 Giles Street Kingston ACT 2604

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