Rare light industrial site in Fyshwick up for grabs

They say size matters, and if that’s truly the case, then it’s going to be hard to pass up an opportunity to acquire a light industrial site of nearly 7000 square metres at 8 Yallourn Street in Fyshwick.

The property is a regular-shaped, flat block of about 6746 square metres, largely comprising a gravel hardstand yard with two entry-exit points via gated access from Yallourn Street.

It includes a single-level showroom/office of about 400 square metres with a courtyard area and a metal shed. The fitout comprises double-entry sliding doors, a grid ceiling, wall-mounted air-conditioning, tiled and carpeted flooring, amenities and a kitchenette.

Mark Nicholls of Raine & Horne Commercial says the site represents a rare opportunity in a tightly held industrial market.

“There’s an overall lack of available commercial land in the ACT and certainly that doesn’t appear like changing much in the foreseeable future,” he says.

“This is a rare opportunity to purchase such a significantly sized site in Canberra’s premier commercial precinct,” he says.

A wide range of property uses are permitted, including “general industry” and a “caretaker’s residence.”

Nicholls says the site has a price of guide circa $6 million, with expressions of interest closing 5pm, May 22.

The property is currently leased on a month-to-month basis. An incoming owner will have the option to renegotiate lease terms or move toward occupancy.

GST is not applicable as the property is offered for sale as a “going concern”.

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