This is a prime opportunity to get a foothold on a significant land holding in one of Canberra's most central and established commercial precincts. Forming part of the well known East Lake Precinct, the largely regular shaped site provides developers, investors and land bankers significant holding income whilst the planning outcomes of the precinct are determined by the East Lake Place Planning Project.
As stated by the Department of Environment, Planning and Sustainable Directorate, the primary objective of this Planning Project is to finalise the planning for the East Lake precinct in collaboration with the community and key stakeholders to guide future urban renewal and regeneration, land release, housing, sustainable development and infrastructure**.
The key fundamentals of the site include:
Offering flexibility, security, uplift and holding income, this is an opportunity that does not present to the market often in Canberra, particularly in a location such as this. The property is For Sale by Expressions of Interest and we encourage investors, developers and any other interested parties to inspect.
*Approximate
**East Lake Plan (Part 01)
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 July 2024:
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