OFF MARKET

157 Newcastle Street
Fyshwick ACT 2609

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1655m2
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Property Details for 157 Newcastle St, Fyshwick

Building Type
Commercial
Land Size
1655m2
Local Government
Canberra Central
Lot/Plan
FYSHWICK: Block 33, Section 21

Last Listing description (February 2023)

Burgess Rawson are delighted to exclusively offer for sale by expressions of interest this prominent building on Newcastle Street Fyshwick with street frontage and ample on-site car parking available for both customers and staff. Prime location with connection to Monaro Highway, CBD and Canberra Airport.

Fyshwick is the premier commercial and industrial region in Canberra, facilitating goods and services along with a strong retail mix. Surrounded by major wholesale and retailers such as King Furniture, Harvey Norman, Good Guys, Bunnings, McDonald's, Drummond Golf and Beaumont Tiles in addition to Commonwealth Government offices.

157 Newcastle Street is a standalone building currently split into two tenancies and located on the most prominent street in Fyshwick with high passing traffic.

The two units incorporate showrooms, ceiling tiles, lighting, separate loading docks and kitchenettes with the added benefit of male, female, toilets and secure fenced rear yard.

The building presents itself as a fantastic investment opportunity being rented by two long established tenants with options to put new leases in place plus attractive minimum annual rent increases.

Great opportunity for owner occupiers to purchase on Newcastle Street and change the building to meet your requirements with a large secure yard.

For sale by EOI closing 4pm Thursday 08th December 2022, with offers consider prior.

- Prominent signage for tenants or owner occupiers
- Large on-site rear car park
- Estimated potential net income - $171,600
- Zoning: IZ2 Industrial Mixed Use
- New lease opportunities

Current Tenants
Australian Hot Water
(In occupancy approximately 30 years)
Month to Month tenancy

Nu - Lay Flooring Xtra
(In occupancy since 1971)
Month to Month tenancy

Land area - Approximately 1,654sqm
Total Building area - Approximately 780sqm
Unit 1 - Approximately - 390sqm
Unit 2 - Approximately - 390sqm

For sale by EOI closing 4pm Thursday 08th December 2022, with offers consider prior. To express interest please submit here - https://www.cognitoforms.com/BurgessRawsonACT/expressionofinterestsale

For further information or to arrange an inspection please contact Guy Randell on 0430 272 999 or Steve Burke on 0428 434 464 or Michael Burke on 0491 628 839

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Property History for 157 Newcastle St, Fyshwick, ACT 2609

A timeline of how this property has performed in the market
Last Sold
$2,800,000
14 Feb 2023
  • 14 Feb 2023
    Sold for $2,800,000
  • 03 Nov 2022
    Listed for Sale $2,800,000
  • 02 Dec 2021
    Transferred

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About 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 1,331 properties. As at 30 September 2024:

  • The median value for Houses in Fyshwick is $2,207,551 while the median value for Units is $621,937.
There are currently 6 properties listed for sale, and 39 properties listed for rent in Fyshwick on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Fyshwick.

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