2 Paspaley Street,
Hume, ACT 2620

Warehouse, Factory & Industrial • Development Sites & Land • Showrooms & Large Format Retail

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Map of 2 Paspaley Street

Directions

Magnificent Modern Industrial Trophy

Commanding 12,707sqm* Site
Largest glass processor in Australia
10 year lease plus options to 2042

Burgess Rawson is pleased to offer to the market, 2 Paspaley Street, Hume for sale via our Auction Investment Portfolio 156.

The property has the following investment highlights:

+ 10 year lease to 2027 plus options to 2042
+ Established since 1856, Viridian is the largest glass processor in Australia
+ Net lease, tenant responsible for all outgoings including property management and repairs and maintenance
+ Compounding 2.75% annual rent increases ($653,565 pa* in 2026)
+ Brilliant 4,060sqm* purpose built industrial facility constructed in 2016 providing depreciation benefits
+ Versatile clear span warehouse, gantry cranes and B-Double access
+ Gateway position just off the Monaro Hwy, under 15km* from Canberra CBD
+ Net Income: $602484 pa* + GST

To be sold by Investment Portfolio Auction
10:30am (AEDT) Tuesday 25 October 2022
Yallamundi Rooms, Sydney Opera House

*approx.

Hume, 2620 demographic data

The median household income for Hume is $1,187, 50% lower than Australian Capital Territory's household income of $2,373. Hume has a younger age profile compared to the rest of Australian Capital Territory (median age 34 vs 35). Property ownership data shows 0% of property owners in Hume have a mortgage.

395

Population

$1,187 per week

Median household income

34 years

Median age

Owners

Most residents

Most households

Burgess Rawson Canberra Commercial - Dickson

501/23 Challis Street
DICKSON, ACT 2602