Fyshwick

Project Description

The property was developed for BBC Hardware Limited in 1995, and purchased by the Trust in December 2002. The property is located in the main industrial area of Canberra, 7 kilometres south-east of the Canberra central business district and on the corner of Newcastle and Collie Streets. The land is subject to a 99 year lease expiring in 2091 and zoned 'Industrial Mixed Use IZ2' which allows for a range of land uses including large format retail, car dealership, shop, food processing and wholesaling. The site has 129 metres frontage to Newcastle Street as well as 105 metres frontage to Collie Street. Access to the site is from the Monaro Highway which passes to the west, and Canberra Avenue to the south. Bunnings pay an access fee to the Trust of $300,994 per annum for an additional 10,025 square metres of land adjoining the property to the south. The property is located near a variety of showrooms, large format retail and high sale trade outlets.

Land area

27,771 m²

The total GLA/retail area

6,648 m²

Lease Commencement Date

24/12/2002

Total Property Cost

$14,731,218

Current valuation

$24,000,000

Annual Rent

$1,263,742

Project Location

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