SOLD
Sold on 27 Jun 2024 for $1,125,000

8-18 Fisher Square
Fisher ACT 2611

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 455m2
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Property Details for 8-18 Fisher Sq, Fisher

Building Type
Commercial
Land Size
455m2
Local Government
Weston Creek
Lot/Plan
FISHER: Block 3, Section 16

Last Listing description (July 2024)

RWC Canberra is delighted to offer 8 Fisher Square, Fisher for sale via Expressions of Interest campaign closing 23 November 2023.

A truly unique offering for an astute buyer to secure a free standing separate title property that's positioned in a suburban shopping centre with tremendous potential.

The 298 square metre building is comprised of 6 units and is set upon a sizable 455 square metre parcel of land. Currently tenanted on month to month basis by two long standing tenants; Pups4fun and Chinese Therapy Centre, the property has strong history that underpins it's investment fundamentals and benefits from the prominent location, access to and from main arterial roads and proximity to a high number of family homes in the southern districts of Canberra.

Key Property Features:
CZ4 Local Centre Zoning
298 sqm free standing commercial building on a 455 sqm site
Currently occupied by two long term tenants - Pups4Fun Canberra and Chinese Therapy Centre (month to month agreements)
An income producing investment leased to a proven operators.
An opportunity to significantly increase the rent on the lease renewal.
Substantial infrastructure already in place for owner operators and/or investors.
A strong history of occupancy underpinning its investment fundamentals.

Fisher is a well positioned suburb within the Weston Creek district in the ACT. Established in 1970, the suburb was named after Andrew Fisher (1862-1928), coal miner, founding member of the federal parliamentary Labor Party and Prime Minister of Australia for three terms between 1908 and 1915.
Comprised of approx 1,332 dwellings with over 80% being separate title homes, Fisher is home to approximately 3,219 residents and shares borders with the suburbs of Chapman, Stirling and Waramanga giving a combined population of approximately 11,062 residents in the immediate area.\

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Property History for 8-18 Fisher Sq, Fisher, ACT 2611

A timeline of how this property has performed in the market
Last Sold
$1,125,000
27 Jun 2024
  • 27 Jun 2024
    Sold for $1,125,000
  • 23 Oct 2023
    Listed for Sale EOI closing Thurs 23 Nov 2023 at 3pm
  • 09 Apr 2014
    Transferred
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About Fisher 2611

The size of Fisher is approximately 1.6 square kilometres. It has 9 parks covering nearly 15% of total area. The population of Fisher in 2011 was 3,014 people. By 2016 the population was 3,009 showing a population decline of 0.2% in the area during that time. The predominant age group in Fisher is 40-49 years. Households in Fisher are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fisher work in a professional occupation. In 2011, 75.4% of the homes in Fisher were owner-occupied compared with 77.4% in 2016.

Fisher has 1,369 properties. Over the last 5 years, Houses in Fisher have seen a 41.84% increase in median value, while Units have seen a 31.89% increase. As at 31 October 2024:

  • The median value for Houses in Fisher is $915,218 while the median value for Units is $498,710.
  • Houses have a median rent of $680 while Units have a median rent of $450.
There are currently 1 property listed for sale, and 3 properties listed for rent in Fisher on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Fisher.

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