Colliers are delighted to exclusively present 5 Tennant Street, Fyshwick for sale. The property is offered as part of a portfolio expressions of interest campaign, closing on Thursday 29th February 2024 at 4pm AEDT.
Representing a highly desirable proposition for investors, this contemporary designed, two-level commercial building has an approximate NLA of 4,093m² and a total of 115 car spaces across basement and on-grade levels. The building was developed in 2007 and is positioned on a rectangular shaped 4,705m² parcel of land, with outstanding natural light and impressive modern fitouts. Incorporated into the original building design are several energy efficiency initiatives, with the current NABERS energy rating reflecting .
The income profile of the asset is first-class, with 79% of the property occupied by the AAA-rated Commonwealth of Australia (with major lease expiries beyond 2030 and 2032). Current occupancy reflects 96% (5 tenants) with a WALE by income* and numerous value-enhancement opportunities. Strong fixed income growth across the asset reflects - p.a.
Fyshwick is well-regarded as the ACT’s premier quasi-retail and industrial hub, with immediate access to Canberra International Airport, the Parliamentary Precinct, major Inner South amenities and key transport corridors. The asset is surrounded by numerous top-tier occupiers and the precinct has rapidly gentrified over the past few years, leading to growth in asset values and rents.
For further information contact Colliers exclusive agents today.
*All information is estimated as at 1 January 2024.