3 Yallourn Street, Fyshwick represents a rare opportunity for an investor to buy a fully tenanted standalone building in the tightly held industrial market of the ACT.

The well-known IZ2: Industrial mixed-use site situated at the Southern end of Yallourn Street has exceptional exposure and signage opportunities to passing traffic along Yalllourn Street & Canberra Avenue in Fyshwick.

Fyshwick is Canberra’s main industrial suburb and bulky goods precinct. Home to Canberra’s only Outlet Centre, Fyshwick is easily accessed by all of Canberra’s Town Centres and is located only 15 minutes from the Canberra CBD, and five minutes from Canberra Airport.

The industrial building consists of approximately 600sqm of NLA on a 2,142sqm block, and is currently leased to RPM Automotive Holdings Pty Ltd until 1st April 2027, with a further option period extending until 1st April 2032.

Property Features:
* 2,142sqm standalone block with approximately 600sqm NLA
* 1,542sqm of usable hardstand land
* Workshop/ warehouse with 10 x roller doors, 3-phase power, office, m/f amenities + shower
* Full commercial kitchen set up in the front of the building with a 1,000L grease trap
* Lease in place to RPM Automotive Holdings Pty Ltd until 1st April 2027, with a further option period extending until 1st April 2032
* Lease Guarantor - RPM Automotive Group Limited (Listed Company)
* Total Net income of $88,000 + GST per annum
* Tenant pays 100% of outgoings
* Market rent review 1st April 2024 (rents currently below market rates)
* 3.5% fixed annual rent reviews on the 3rd & 4th lease anniversary dates

For more information or to arrange an inspection please contact Lenny Haddrill at 0402 565 1....