Investor interest is typically strong when sizable commercial properties become available in Canberra's Fyshwick or Mitchell industrial precincts. Now, a unique opportunity has emerged with two prime sites hitting the market simultaneously.
The properties at 1 Albany Street, Fyshwick, and 117 Flemington Road, Mitchell, are being offered for sale by the same owner. Both are located in tightly held industrial areas that rarely see such listings.
Property Details
The Fyshwick site features two freestanding buildings with 1,376 square metres of leasable space on a 4,377-square-metre block. The Mitchell property sits on a generous 3,890-square-metre parcel, with more than 2,900 square metres of building space.
Matthew Winter of Colliers Canberra says the properties can be purchased individually or together. "They present a unique opportunity to secure a strongly performing investment asset in one or both of these precincts," he explains. "These suburbs are tightly held. Demand is very strong, and opportunities like this rarely come along."
Both properties are fully leased and exempt from GST. "They offer a new owner secure income along with value-adding potential," Winter adds. "That could be through strong rental growth. Alternatively, exploring further expansion opportunities on these large landholdings."
Co-agent Daniel McGrath of Ray White Commercial highlights the prominent locations. "Each is close to the CBD with strong connections to major transport routes," he says. "They add up to an attractive investment prospect for a range of potential buyers."
The Fyshwick property sits within Canberra's largest industrial precinct, while the Mitchell site offers high visibility with street frontage. Both are well-positioned for capital growth and income stability.
