OFF MARKET

5 Albany Street
Fyshwick ACT 2609

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1128m2
Land area: 1765m2
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Property Details for 5 Albany St, Fyshwick

Building Type
Commercial
Floor Size
1128m2
Land Size
1765m2
Local Government
Canberra Central
Lot/Plan
FYSHWICK: Block 4, Section 29

Last Listing description (August 2011)

A ''CASH COW'' INVESTMENT IN CENTRAL FYSHWICK!
Albany Street is one of the main roads and thoroughfares in Canberra's largest industrial / commercial suburb, Fyshwick. 5-7 Albany Street is located approximately half way down Albany Street and provides high exposure and street presence. The block is also located within view of the junctions connecting Townsville Street and Collie Street.
An L-shaped showroom / warehouse building comprising an open plan retail area at the front serviced by sufficient on grade car parking. The building also comprises a storage area at the rear which has a mezzanine level accessed via stars on both sides. Located on the ground floor of the storage area are male and female toilet facilities, a kitchenette / lunch room and a shower.

The property is currently occupied by Oz Design Furniture, who has been in occupation of the building since the mid 1980's. The current lease is due to expire 30 June 2015 (end of 2014-2015 tax year) with 50% of outgoings recoverable from tenant. The tenant has shown no intention to vacate the property upon lease expiry.
The property boasts the flowing strengths and opportunities:
- Stand alone building on its own block (no body corporate / strata fees)
- Minimal maintenance
- Leased until 30 June 2015 with 50% of outgoings recoverable from tenant
- Same tenant has been in occupation since mid 1980's
- Opportunity to subdivide into 5 smaller tenancies
- Strong demand for small strata units and detached showroom/warehouses throughout Fyshwick
The property is for Sale by Expressions of Interest (EOI) closing Thursday 22 September 2011.
For further information or to arrange an inspection, please contact Mark Nicholls of CB Richard Ellis, Canberra.

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Property History for 5 Albany St, Fyshwick, ACT 2609

A timeline of how this property has performed in the market
Last Sold
$1,650,000
04 Nov 2015
  • 04 Nov 2015
    Sold for $1,650,000
  • 29 Sep 2011
    Sold for $1,400,000
  • 10 Sep 2011
    Listed for Sale 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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