Sold
149 Canberra Avenue,
Fyshwick 2609, Australian Capital Territory
$7,200,000
Property details
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Agents
Canberra Avenue Portfolio
149 Canberra Avenue, 151 Canberra Avenue, 9 Nyrang Street & 11 Nyrang Street,
Not often does an opportunity such as this come up in the Canberra market. It Consists of four significant land parcels totalling 19,228 sqm* bound by Canberra Avenue, Nyrang Street and Dalby Street.
• To be sold separately or in one line
• Four significant land parcels
• Total land area of 19,228 sqm* with further development upside
• Anchored by 7-Eleven and KFC
• Total Net Income of $1,066,927 plus-GST*
• One of Canberra's busiest locations
Anchored by 7 Eleven and KFC, the overall site offers a diverse tenancy profile with future development upside, subject to Town Planning and approvals. Accordingly, there is the opportunity for significant 'value add' through repositioning of the assets.
A Development Application is currently under assessment by the ACT Government to construct two new single level commercial buildings on 151 Canberra Avenue for shop uses (designed to accommodate food offerings). The Development Application also considers the redevelopment of the existing KFC. This is a significant advantage to the buyer in determining a future strategy for the site, should they adopt these plans.
Flexible in the offering, the sites are For Sale by Expressions of Interest and to be sold either in one line or separately. This is a unique opportunity for investors to acquire a trophy asset in one of Canberra's busiest locations, or a significant land hold with excellent passing income with a future development play.
*Approximate.
Not often does an opportunity such as this come up in the Canberra market. It Consists of four significant land parcels totalling 19,228 sqm* bound by Canberra Avenue, Nyrang Street and Dalby Street.
• To be sold separately or in one line
• Four significant land parcels
• Total land area of 19,228 sqm* with further development upside
• Anchored by 7-Eleven and KFC
• Total Net Income of $1,066,927 plus-GST*
• One of Canberra's busiest locations
Anchored by 7 Eleven and KFC, the overall site offers a diverse tenancy profile with future development upside, subject to Town Planning and approvals. Accordingly, there is the opportunity for significant 'value add' through repositioning of the assets.
A Development Application is currently under assessment by the ACT Government to construct two new single level commercial buildings on 151 Canberra Avenue for shop uses (designed to accommodate food offerings). The Development Application also considers the redevelopment of the existing KFC. This is a significant advantage to the buyer in determining a future strategy for the site, should they adopt these plans.
Flexible in the offering, the sites are For Sale by Expressions of Interest and to be sold either in one line or separately. This is a unique opportunity for investors to acquire a trophy asset in one of Canberra's busiest locations, or a significant land hold with excellent passing income with a future development play.
*Approximate.
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Contact Frank Giorgi
Contact Frank Giorgi
Frank Giorgi
149 Canberra Avenue, Fyshwick ACT 2609
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Frank Giorgi
149 Canberra Avenue, Fyshwick ACT 2609