117 Flemington Road
Mitchell, ACT 2911

Overview

Fully Leased Premium Industrial Investment Opportunity on High-Exposure Flemington Road

This property at 117 Flemington Road, Mitchell, represents a premium industrial investment opportunity located in Canberra's most sought-after industrial precinct. It is a fully leased industrial/warehouse asset offering a secure and diversified income stream, making it an attractive proposition for investors seeking stable returns and future growth potential.

Positioned prominently on Flemington Road, the site boasts a substantial land area of 3,890 square meters, complemented by a total net lettable area (NLA) of 2,919 square meters. The property benefits from high visibility due to its arterial road frontage, enhancing its appeal for tenants and potential future occupants.

The investment is currently tenanted by eight tenants occupying units ranging from 150 to 957 square meters. This mix of local and national occupiers provides a diversified tenancy profile, reducing risk exposure and offering multiple avenues for leasing upside and value-add opportunities.

Key features of this investment include:

• High-quality industrial asset situated in Canberra's most in-demand industrial precinct.
• 100% occupancy with a weighted average lease expiry (WALE) by income of 2.61 years, supported by strong fixed rental increases.
• Gross passing income of $825,440 excluding GST, underpinned by strong tenant covenants.
• Attractive unit sizes that provide flexibility for future leasing arrangements.
• Exceptional signage opportunities along Flemington Road, enhancing tenant exposure.
• A substantial site area of 3,890 square meters, offering potential for future development or expansion.
• Strong precinct leasing performance and low vacancy rates, supporting long-term value growth.

This property is offered for sale by Expression of Interest, closing at 3pm on Tuesday 21 April 2026, as part of the Kennards Portfolio. It presents a unique opportunity for investors to acquire a secure, income-producing industrial asset with future growth potential in a tightly held market.

For further information or to arrange an inspection, interested parties are encouraged to make direct enquiries with the listing agents.

Note: All measurements and financial figures are approximate and as at 1 March 2026.

Location