OFF MARKET

337 Canberra Avenue
Fyshwick ACT 2609

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 68831m2
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Property Details for 337 Canberra Ave, Fyshwick

Building Type
Commercial
Land Size
68831m2
Local Government
Canberra Central
Lot/Plan
FYSHWICK: Block 8, Section 48

Last Listing description (August 2019)

Phone enquiries - please quote property ID 18250
Well known Sub Sandwich franchise store for sale in a high volume shopping centre food court location.
Occupying prime position in the Canberra Outlet Centre food court, this comparatively low rent store is a strong performer, achieving over $925k sales in FY2017, and able to return an estimated profit to working owner of over $265kpa.

With a full team in place, including a long term store manager, operations couldn't be easier. The current owner spends only a few hours per week managing paperwork and rostering, whilst the Store Manager handles all day to day operations in the store.
This store is highly efficient compared to others in the same chain. Store hours are only 9am to 6pm daily, with no late nights or early mornings. With only seven staff on the team, management is a breeze. Full training and support is offered by the Franchisor.

Summary:
Sales over $925kpa
Rent less than 8.0% of turnover
Secure lease until late 2023 with fixed 4% annual increases.
Small 45 square metre store with no dining area or outdoors space to worry about.
Small team of only seven staff, with experienced Manager in place.

The franchise system is on the 'approved' list with many of the large banks, meaning you can potentially secure up to 60% of the purchase price against the business itself.
Don't miss out on this rare gem in such a successful, well known, established chain.
Asking $640k + SAV (around $7k).
Contact now to receive more details

Property History for 337 Canberra Ave, Fyshwick, ACT 2609

A timeline of how this property has performed in the market
Last Transferred
21 Dec 2016
  • 04 Aug 2019
    Listed for Sale $655,000
  • 21 Dec 2016
    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 1,333 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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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.