165 Canberra Avenue, Fyshwick presents purchasers with an exemplary investment opportunity and is offered for sale via public Auction on Thursday 26th October 2017.
Situated on a land-rich and high-profile 5,256m2 corner site along a major transport corridor in Canberra’s Inner South, 165 Canberra Avenue presents purchasers with an outstanding long-term proposition. The 3,277m² building is 100% leased to global organisation Seeing Machines on a new 10-year arrangement plus option.
In addition to the excellent investment fundamentals, 165 Canberra Avenue lies within an area known as the East Lake Precinct, currently under investigation by the ACT Government for future re-zoning to encourage urban infill via residential development.
Investment highlights of the asset include:
- 100% leased to global organisation Seeing Machines (presently listed on the Alternative Investment Market (AIM) of the London Stock Exchange).
- Lease expiring May 2027 plus 1 x 5-year option
- Land rich and high profile corner site of 5,256m² positioned along a major transport corridor in Canberra’s inner south suburb of Fyshwick.
- 3,277m² stand-alone
building with ongoing capital expenditure and recent cosmetic upgrades - Strong annual rent reviews fixed at 3.50% per annum - Land bank opportunity positioned within an area known at the East Lake precinct which is being reviewed by the ACT Government for future re-zoning to allow residential development* - Close proximity to facilities such as Fyshwick Fresh Food Markets, Canberra Outlet Centre, Kingston Foreshore and Manuka Shopping precinct Features: • Long-term WALE and fixed rental growth • Prominent corner site • Future redevelopment prospects* • High quality stand-alone asset