21 Albany Street Fyshwick ACT 2609

The property is located fronting Albany Street offering excellent exposure to the high volume of vehicular traffic that frequents this busy area of Fyshwick. This part of Fyshwick is popular with large format retailers as evidenced by Fantastic Furniture, Sydney Tools, Kennards Hire, Farrah's Liquor Collective, Road Tech Marine, Beacon Lighting, HIA Building Display and Schiavello being located in the immediate vicinity. Fyshwick is Canberra's major industrial/large format retail suburb and is located 15 minutes drive east of the CBD and 10 minutes drive north west of Queanbeyan.

The improvements consist of two buildings, one comprising a two-level commercial building fronting Albany Street providing a ground floor showroom leased to Now Furniture and a walk up first floor office area that is currently vacant. The other building also leased to Now Furniture is located at the rear of the block and provides medium clearance, warehouse/storage accommodation. Other improvements include marked car parking across the frontage, and a paved courtyard at the rear of the two-storey building.

Key Investment Highlights:
- New 5 year lease from 1 August 2020 to established tenant.
- 3% fixed annual increases.
- Tenant pays increases in statutory outgoings over 30 June 2015 base year

Suited to the office owner occupier or savvy investor, call Frank Giorgi 0403 839 822 for further information or to request an executive summary.