OFF MARKET

3/285 Canberra Avenue
Fyshwick ACT 2609

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 166m2
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Property Details for 3/285 Canberra Ave, Fyshwick

Building Type
Commercial
Land Size
166m2
Local Government
Canberra Central
Lot/Plan
FYSHWICK: Block 37, Section 11, Unit 3

Last Listing description (December 2020)

Burgess Rawson as the exclusive selling agents are proud to offer to the market 3/285 Canberra Avenue, Fyshwick leased to the International award winning Kane Constructions.

Fyshwick is an ideal location between Canberra's CBD and Queanbeyan with Fyshwick being Canberra's primary light industrial, commercial and retail precinct home to a wide range of International, National and Local operators.

Kane Constructions are a multi award winning, privately owned commercial construction company active in all sectors of the industry. Kane Constructions originated in Melbourne in 1973 and today operate throughout the east coast of Australia and overseas from offices in Melbourne Canberra, Sydney, Brisbane, and the Sunshine Coast. Kane Constructions and employ over 450 full time employees and have a turnover in excess of $1 billion.

The 166 sqm property comprises of 120 sqm ground floor with 46 sqm upstairs.
There are 2 sets of bathrooms containing showers and change rooms and comes with 2 car spaces and a separate lock up garage all contained in a secure car park to the rear of the unit.

Secure 5 Year Lease till June 2025 to Blue Chip Building Company - Kane Constructions

- Tenant taking lease in the middle of Covid-19, proving strength of business in current economic climate.
- No stamp duty payable
- Lease to Kane Constructions Pty Ltd - International Operator, operating since 1973 and awarded the 2016 and 2019 National Construction Master Builder of the Year by Master Builders Australia.
- 5 Year Lease to 2025 + options to 2030
- Fixed 4% annual increases
- Net income of $37,910.68 pa + GST

EXPRESSIONS OF INTEREST - Closing 4pm AEDT Tuesday 27th October

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Property History for 3/285 Canberra Ave, Fyshwick, ACT 2609

A timeline of how this property has performed in the market
Last Sold
$353,000
30 Jun 2023
Listed for Rent
$875/w
25 Aug 2020
  • 30 Jun 2023
    Sold for $353,000
  • 12 Nov 2020
    Sold for $700,000
  • 18 Sep 2020
    Listed for Sale EOI - EXPRESSIONS OF INTEREST
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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 1,333 properties. As at 31 July 2024:

  • The median value for Houses in Fyshwick is $2,263,810 while the median value for Units is $621,937.
There are currently 9 properties listed for sale, and 36 properties listed for rent in Fyshwick on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Fyshwick.

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