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Sold on 18 Jun 2024 - Price Unavailable

7 Kembla Street
Fyshwick ACT 2609

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1036m2
Land area: 1393m2
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Property Details for 7 Kembla St, Fyshwick

Building Type
Commercial
Floor Size
1036m2
Land Size
1393m2
Local Government
Canberra Central
Lot/Plan
FYSHWICK: Block 1, Section 24

Last Listing description (June 2024)

Raine & Horne Commercial Canberra are pleased to offer 7 Kembla Street Fyshwick for sale by Expression of Interest closing Wednesday 20th March 2024.

Fyshwick, a thriving suburb located just 7.5km from the heart of Canberra's central business district, is a dynamic and multifaceted part of the ACT. Historically recognized as Canberra's premier industrial area, Fyshwick has seen a remarkable evolution over the years. It has expanded its economic horizons beyond heavy industry to embrace a diverse blend of retail and commercial enterprises. Fyshwick's strategic location adds to its allure. It is flanked by the New South Wales border and Queanbeyan to the east and is crisscrossed by the Monaro Highway to the west, a vital thoroughfare connecting the Snowy Mountains to the Hume Highway and Sydney. This geographic positioning makes Fyshwick an essential crossroads for the region, facilitating the movement of goods and services. As the suburb continues to develop and revitalize, it remains a critical contributor to the economic prosperity of Canberra and the surrounding communities. Fyshwick's transformation underscores the adaptability and resilience of urban areas as they respond to changing economic landscapes and the needs of their residents.

7 Kembla Street is a freestanding, single-titled building prominently and centrally located in the heart of Fyshwick on the Wollongong Street end of Kembla Street and has recently been refurbished internally and externally to an extremely high standard. This property arguably has the best-looking facade in this highly sought after industrial and bulky goods retail precinct.

The property is currently 100% leased in two parts:

FRONT SHOWROOM (226sqm):

The front part of the building is fitted out a showroom with open plan sales area, offices and amenities. This area is leased to Baytina Tiles Supplies on a passing rent of $62,668pa +GST. The lease expires in May 2025 with a 5-year option. Baytina Tiles Supplies have shown their intention to exercise the option due to their significant investment into the fitout and have also advised that they would consider signing a brand new 5+5 year lease, if required by an incoming investor.

REAR WAREHOUSE (810sqm):

The rear part of the building is accessed via a driveway to the right-hand-side of the building and is configured as 564sqm on the ground floor and 246sqm mezzanine. The rear part of the property is leased to Stockade Training Centre on a passing rent of $159,319.60pa +GST. The lease expires in Dec 2025 with a 5-year option.

For further information or to arrange an inspection, please contact the exclusive selling agents, Mark Nicholls or Slava Kholopov of Raine & Horne Commercial Canberra.

Property History for 7 Kembla St, Fyshwick, ACT 2609

A timeline of how this property has performed in the market
Last Sold
18 Jun 2024
Listed for Rent
$949/w
27 Nov 2020
  • 18 Jun 2024
    Sold
  • 13 Feb 2024
    Listed for Sale EOI Closing Wed 20 March 2024
  • 17 Mar 2020
    Listed for Rent $51,975 / year
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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.

Suburb Insights for Fyshwick 2609

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Contact agent
Mark Nicholls
Show contact details
Raine & Horne Commercial Canberra
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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.