8 Yallourn Street

Fyshwick ACT 2609

Yallourn Street is located on the southern side of Fyshwick with easy access to Canberra Avenue, leading to the Monaro Highway and Federal Highway to the north, Cooma to the South and Queanbeyan to the East. Yallourn Street is a particularly wide street providing excellent truck movement, on and off street parking and a large turning circle at the end designed for the needs of heavy goods vehicles.

The property is a regular-shaped and flat block measuring approx. 6,746sqm* in area, largely comprising a gravel hardstand yard with two entry/exit points via secure gated access from Yallourn Street. Improvements on the site include a standalone single-level showroom/office building of approximately 400sqm at the front of the site, an associated courtyard area which is currently used as a tile display area and a metal shed in the yard.

The showroom/office fitout comprises automatic double entry sliding doors to the entry foyer, a grid ceiling, 3 wall-mounted reverse cycle air conditioning units, a mix of tiled and carpeted floor coverings, plasterboard walls and amenities including 2 separate toilets and kitchenette.

The property is currently leased to Davtam Pty Ltd (trading as Amber Tiles) on a net lease (tenant pays outgoings) at below-market rent who are currently holding over on a month-to-month basis. The incoming owner will therefore have the opportunity to re-negotiate the lease terms with the current tenant or provide notice for them to vacate and ultimately gain possession.

Key features include:

• Rare opportunity in a particularly tightly held industrial market with limited land release
• Excellent location with good access from Canberra Avenue
• 6,746sqm* block comprising mostly hardstand plus a range of improvements
• Regular-shaped and flat block with 82m* frontage and two entry/exit points
• Wide range of permitted uses including 'general industry' and 'caretaker's residence'
• Offered for sale as a going concern (GST not applicable)

8 Yallourn Street is offered for sale by Expression of Interest closing 5pm, Wednesday 22nd May 2024. For further information or to arrange an inspection, please contact the exclusive selling agent, Mark Nicholls of Raine & Horne Commercial Canberra.

* Approx