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Cushman & Wakefield - Brisbane
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47 Newcastle Street Fyshwick, ACT 2609

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For Sale

47 Newcastle Street Fyshwick, ACT 2609

Showrooms & Bulky Goods • Shop & Retail • Warehouse, Factory & Industrial
Sale Price

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Land area

3102.0m²

Floor area

2640.0m²

Car spaces

66

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$466,640
Number of Tenants
2 Tenants
Tenants / Type
BCF & Anytime Fitness

High Yielding Retail Investment - Renewed Lease to ASX Listed ‘Super Retail Group’ & Fitness Giant

  • Renewed 5 year lease + options to 2033
  • Fixed 3.5% annual rent increases
  • Net income $466,640 pa + GST

Cushman & Wakefield are pleased to present to the market the BCF & Anytime Fitness Investment Property at 47 Newcastle Street, Canberra for Sale via Offers to Purchase.

The property has the following key characteristics:

• BCF - Renewed 5 year lease + options (76% of income) - in occupation for 10+ years

• BCF Australia - A wholly owned subsidiary of the ASX Listed Super Retail Group with a market cap of $1.7B

• Anytime Fitness Fyshwick - 5 year lease + options

• Anytime Fitness - The largest health club chain in Australia with over 3,300 clubs in 26 countries

• Fixed 3% and 3.5% annual rent increases

• Prominent main road frontage with 66 carparks

• Desirable 3,102 sqm corner site with excellent main road/intersection exposure

• Strategically located opposite Bunnings, The Good Guys and the Canberra Retail Outlet Centre – Harris Scarfe, The Coffee Club, Freedom, JB Hi-Fi, T.K Maxx & many more

• Canberra/Fyshwick - The Capital of Australia. Fyshwick is only 6.5 km’s from the CBD and has become Canberra’s one stop retail destination. Population of 406,057

• Net Income $466,640 pa + GST

For more information please contact the exclusive agents at Cushman & Wakefield.

Property ID: 503009390Last Updated: 13 Dec 2018

Cushman & Wakefield - Brisbane
47 Newcastle Street
Fyshwick, ACT 2609
Tom Moreland
Doug Doyle

Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000

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Cushman & Wakefield - Brisbane

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Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
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Tom Moreland

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Tom Moreland
Cushman & Wakefield - Brisbane
47 Newcastle Street Fyshwick, ACT 2609

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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