149 Canberra AvenueFyshwick ACT 2609
Property Details for 149 Canberra Ave, Fyshwick
Last Listing description (September 2024)
149 Canberra Avenue, 151 Canberra Avenue, 9 Nyrang Street & 11 Nyrang Street,
Not often does an opportunity such as this come up in the Canberra market. It Consists of four significant land parcels totalling 19,228 sqm* bound by Canberra Avenue, Nyrang Street and Dalby Street.
To be sold separately or in one line
Total land area of 19,228 sqm* with further development upside
Anchored by 7-Eleven and KFC
Total Net Income of $1,066,927 plus-GST*
One of Canberra's busiest locations
Anchored by 7 Eleven and KFC, the overall site offers a diverse tenancy profile with future development upside, subject to Town Planning and approvals. Accordingly, there is the opportunity for significant 'value add' through repositioning of the assets.
A Development Application is currently under assessment by the ACT Government to construct two new single level commercial buildings on 151 Canberra Avenue for shop uses (designed to accommodate food offerings). The Development Application also considers the redevelopment of the existing KFC. This is a significant advantage to the buyer in determining a future strategy for the site, should they adopt these plans.
Flexible in the offering, the sites are For Sale by Expressions of Interest and to be sold either in one line or separately. This is a unique opportunity for investors to acquire a trophy asset in one of Canberra's busiest locations, or a significant land hold with excellent passing income with a future development play.
*Approximate.
Property History for 149 Canberra Ave, Fyshwick, ACT 2609
- 08 Aug 2024Listed for Sale Expressions Of Interest closing 12 September 2024
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0About Fyshwick 2609
The size of Fyshwick is approximately 9.8 square kilometres. It has 3 parks covering nearly 21.1% of total area. The population of Fyshwick in 2011 was 647 people. By 2016 the population was 44 showing a population decline of 93.2% in the area during that time. The predominant age group in Fyshwick is 40-49 years. Households in Fyshwick are primarily single parents and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Fyshwick work in a labourer occupation..
Fyshwick has 1,333 properties. As at 31 August 2024:
- The median value for Houses in Fyshwick is $2,199,232 while the median value for Units is $621,937.
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