U1 & 2, 59 Tennant St,
Fyshwick, ACT 2609
All Reasonable Offers will be considered
Key property information
Tenanted Investment Details
to arrange a private inspection.
Map of U1 & 2, 59 Tennant St
Train stations within 5 km of U1 & 2, 59 Tennant St, Fyshwick, ACT 2609 Distance Canberra Railway Station 3.7 km Queanbeyan Station 3.9 kmPOWERED BY HERE © Bus stops within 5 km of U1 & 2, 59 Tennant St, Fyshwick, ACT 2609 Distance Albany St Before Collie St 610 m Gladstone St Before Albany St 666 m Albany St Before Townsville St 716 m Newcastle St After Wollongong St 810 m Collie St After Wollongong St 838 mPOWERED BY HERE ©
PRIME LOCATION SECURED WITH HIGH QUALITY TENANT
- STAMP DUTY EXEMPT
- 100% LEASED TO SEPTEMBER 2021 + OPTIONS
- LONG TERM HIGH QUALITY TENANT
The units are part of a 6 unit strata development identified as Units Plan 1776. The units are situated on the ground floor of the property and are currently leased to Waterland to September 2021 with Options.
Unit 1 has a total GFA of 642sqm and comprises of 292sqm NLA under roof with an additional 309sqm NLA of hardstand yard space at the rear of the property with allocated parking to front of 41sqm. The premises is made up of retail area, offices and storage area. The retail and office area has quality fitout that includes carpet, tiles, suspended ceiling and ducted air conditioning including staff amenity. The hardstand yard space has been secured by fencing and is covered from the elements.
Unit 2 has a total GFA of 330sqm and comprises of 289sqm NLA under roof with an additional 14sqm NLA of hardstand yard space at the rear of the property for vehicle parking with allocated parking to front of 27sqm. The premises is made up of retail area, offices and storage area. The retail and office area has quality fitout that includes carpet, tiles, suspended ceiling and ducted air conditioning including staff amenity.
Both units are Leased to Waterland Irrigation until 30 September 2021 + Options. Waterland is the longest running and biggest irrigation specialist in the ACT. Established in 1978, Waterland has been in this location since construction of the property was completed in 1999. An established long term tenant.
Combined Net Income is $98,041.00 this property represents as an excellent entry level commercial property investment. With the asking price of $1,350,000.00 be Stamp Duty exempt** and any reasonable offers will also be considered.
Inspections are by appointment ONLY. Call Chris Drakakis now on 0417 438 931 for further information and inspection appointment.
**Stamp Duty exempt for ACT Commercial Property sales under $1.5mil
Property ID: 503170550Last Updated: 28 Jun 2020