OFF MARKET

9 Lyell Street
Fyshwick ACT 2609

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 9 Lyell St, Fyshwick

Building Type
Commercial
Local Government
Canberra Central
Lot/Plan
FYSHWICK: Block 42, Section 21

Last Listing description (January 2020)

Quality multi tenanted complex in Fyshwick which is Canberras established bulky goods precinct and the largest commercial/industrial area in the ACT.
Fyshwick is home to many government departments including the Department of Defence, Customs, Forestry and Fisheries and national retailers including Harvey Norman, Bunnings, Bing Lee, The Good Guys, and Nick Scali.

This complex has received over $2 million in upgrades by both the current owners and tenants internally and externally and include lift, two office fit-outs undertaken by the tenants, modernized showroom with large display windows. Security upgrades include fully fenced yard with on site car parking and electronic gates with after hours access, swipe card access for two first floor tenants.

There is 5 tenants with leases in place with options & attractive minimum 3% annual rent increases.
Substantial investment was undertaken by Lessor & Lessee to have the NBN connected to both buildings.
Large secure onsite car park for 54 cars.
Prominent and valuable 3,623 sqm land holding.
Substantial building with net let-table area of 1,732 sqm.
Management in place for this investment.
Net Income: $219,086.99 pa + GST.

To be sold by auction on 31st October 2019, at Doltone House Hyde Park, Sydney

Auction sale contract & IM available on request.

Property History for 9 Lyell St, Fyshwick, ACT 2609

A timeline of how this property has performed in the market
Last Sold
$3,150,000
24 Oct 2019
Listed for Rent
$575/w
26 Mar 2019
  • 24 Oct 2019
    Sold for $3,150,000
  • 23 Sep 2019
    Listed for Sale $0
  • 04 Mar 2019
    Listed for Rent $58,950 / 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.

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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.