1 Albany Street
Fyshwick, ACT 2609

Overview

Fully-Leased, Prominent Industrial Investment with Value-Add Potential

1 Albany Street in Fyshwick offers a rare opportunity to acquire a fully leased industrial investment located within Canberra's largest industrial precinct. This property is available for sale by Expression of Interest, closing at 3pm on Tuesday 21 April 2026, as part of the Kennards Portfolio.

Situated on a prominent corner at Albany Street and Collie Street, the asset consists of two freestanding dual-level industrial buildings along with a substantial leased hardstand area. The property provides a total internal net lettable area (NLA) of approximately 1,376 square meters on a significant landholding of around 4,377 square meters. The site benefits from a wide frontage of approximately 40 meters to Albany Street, offering excellent visibility, convenient access, and strong signage potential.

The investment is fully leased to five tenants, generating a gross passing income of $373,973 excluding GST. The leases are supported by a weighted average lease expiry (WALE) by income of 1.79 years, providing secure holding income. The staggered lease expiry profile offers both income stability and future opportunities for repositioning or value enhancement. This is underpinned by strong demand for industrial accommodation within the Fyshwick precinct.

Key investment highlights include:

• Fully leased industrial asset with a 1.79-year WALE by income and a diversified tenant base.
• 1,376 square meters of total internal NLA across two freestanding buildings, complemented by a substantial leased hardstand area.
• Large corner site of approximately 4,377 square meters with a wide frontage to Albany Street, enhancing exposure and accessibility.
• Gross passing income of $373,973 excluding GST, supported by strong recoveries of outgoings.
• High-visibility location with excellent access and prominent signage opportunities to enhance tenant exposure.
• IZ2 Industrial Mixed-Use zoning, allowing a broad range of industrial and commercial uses, providing flexibility for future development or leasing strategies.
• Strong demand for industrial accommodation in Fyshwick, Canberra's premier trade and service precinct, ensuring ongoing tenant interest and market stability.
• Potential for future value-add through redevelopment, lease negotiations, or asset repositioning, subject to relevant approvals.

This property represents a compelling opportunity for investors seeking a secure income stream with potential for capital growth in a highly sought-after industrial location. For further information or to arrange an inspection, interested parties are encouraged to contact the listing agents.

Note: All measurements and figures are approximate and subject to verification. The sale is subject to terms and conditions as outlined in the Expression of Interest documentation.

Location