Sizeable commercial space in Mitchell hits the market for the first time in 40 years

Commercial property investment appeal depends on many factors, but opportunities are greatly strengthened by zoning and location.

This option in the heart of Mitchell at 17-19 Huddart Court gets a big tick for both.

And few this size come to market in an industrial suburb where big properties tend to be tightly held.

The property delivers a very flexible space of about 2600 square metres, an appeal greatly increased through 30-metre street frontages at either end – one onto Huddart Court, the other onto Brookes Street.

It comprises a warehouse and a separate two-storey brick office building. There’s also a large hard stand space for plenty of storage or parking.

The property is currently zoned for “industrial mixed use” and is leased to an established Canberra business until December 2027 with two six-year options.

The lease delivers a net income of about $136,000 per annum.

Michael Ceacis of Canberra Commercial says the property is on the market for the first time since it was developed some 40 years ago.

“Sizable opportunities in Mitchell don’t come along very often – units, sure, but standalone properties like this are pretty rare,” he says.

“And the location between the Federal and Barton Highways doesn’t get much better with frontages on two of Mitchell’s most prominent streets.”

Ceacis says the property, which comes with a price guide of about $3 million, also has longer-term development potential.

Expressions of interest close 4pm, September 19.

Contact Agents

17-19 Huddart Court, Mitchell ACT 2911

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