Exceptional Investment with National Tenants
47 Newcastle Street, Fyshwick ACT
Property Highlights
Description
Burgess Rawson are delighted to exclusively offer For Sale by Expressions of Interest this exceptional Global and ASX listed tenanted investment in Fyshwick’s most prominent corner location on Newcastle and Whyalla Streets Fyshwick.
This national and internationally tenanted investment to BCF (Super Retail Group) And Anytime Fitness (Self Esteem Brands) with a combined 5,190 stores Globally features street frontage, multiple access points and 66 on-site car parking bays for both customers and staff.
The property has a high volume of passing traffic in on of the most prime and visible location ins Canberra with direct access to Canberra Avenue, Monaro Highway, Queanbeyan, CBD and Canberra Airport.
Fyshwick is the premier commercial and industrial region in Canberra, facilitating goods and services along with a strong retail mix. Surrounded by major wholesale and retailers such as Canberra Outlet Centre with over 110 National tenants plus surrounding national groups including Intersport, McDonald’s, Bunnings, Domayne, Anaconda, Chemist Warehouse, Kennards, Harvey Norman, and the Good Guys to name just a few. In addition to this, there is a large representation of Commonwealth Government offices, Defence agencies and the private sector.
47 Newcastle Street is a two storey standalone building with arguably some of the best signage and exposure opportunities Fyshwick has to offer. Investment security is assured with two long term Global Giants dating back to 2008 (BCF) & 2011 (Anytime Fitness) respectively.
BCF is part of the Super Retail Group of companies, occupying all of the ground floor and has internal access to a portion of the mezzanine area. They are the market leader of camping, boating and fishing goods nationally, their fitout is devoted predominantly to their showroom & retail display. There is separate roller door access to the warehouse and on grade loading.
Anytime Fitness has recently completed an extensive refurbishment of its internal fit out, which demonstrates a strong desire for continuing long term commitment to this location. Their fit out consists of high quality workout stations, private personal training rooms, specialty training rooms, open floor gym space, weights area, lighting and kitchenettes with the added benefit of male, female, disabled toilets and showers.
The building presents itself as a fantastic investment opportunity being fully leased to two separate tenants with lease options in place plus an attractive minimum 3% annual rent increases.
+ Zoning: IZ2 Industrial mixed use
+ High exposure location
+ Large on site car park
+ Multiple access points
+ Net rent – $513,860.52 p.a. + GST
+ Further lease options
Tenants:
+ BCF – ASX Listed Super Retail Group
+ Anytime Fitness – Global Powerhouse in over 50 Countries
Unit 1 – 1,864sqm
Unit 2 – 776sqm
Building Area – 2,640sqm
Block area – 3,102sqm
For further information or to arrange an inspection please contact the exclusive agents:
Guy Randell 0430 272 999
Steve Burke 0428 434 464
Michael Burke 0491 628 839
For sale by EOI closing 4pm Friday 1st of July, with offers considered prior.
Property Details