5 Tennant StreetFyshwick ACT 2609
Property Details for 5 Tennant St, Fyshwick
Last Listing description (August 2020)
5 Tennant Street is the epitome of the "perfect ACT investment", with a highly sought-after covenant being the Commonwealth of Australia, occupying 79% of the building. This is an ideal opportunity for the astute investor to acquire a secure, passive investment and unlock the benefits from day one.
Raine & Horne Commercial Canberra have the privilege to offer 5 Tennant Street, Fyshwick ACT for sale.
• Estimate Net Income: $1,107,485 p.a ex. GST^
Fully Leased with a 6.8* year WALE^ by income, featuring 3 - 3.5% annual rent reviews
79% occupied by the Commonwealth of Australia being AAA rated
Modern and attractive building, with 4,049sqm* NLA across 2 levels of office serviced by a lift
Secure under croft car park, with 115 allocated bays
Excellent historical leasing performance
Built in 2007 providing potential depreciation benefits
Highly efficient and flexible floor plates of 2,100sqm* with great natural light
4.0 start NABERS Energy Rating
^As at 1 May 2020| *Approx.
Parties interested in acquiring this key asset are invited to lodge an Expressions of Interest (EOI) by 4pm on Thursday, 23 April 2020.
Please contact the selling agents to receive a detailed IM and access to the data room, or to arrange an inspection of the property.
Property History for 5 Tennant St, Fyshwick, ACT 2609
- 14 Sep 2020Transferred
- 30 Jul 2020Sold for $15,300,000
- 19 Mar 2020Listed for Sale Expression of Interest closing Thu 23 Apr
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0About 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 1,324 properties. As at 31 October 2024:
- The median value for Houses in Fyshwick is $2,241,109 while the median value for Units is $621,937.
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