1 & 2/125 Gladstone Street
Fyshwick, ACT 2609

Overview

AUCTION - Opportunity For Investors and Owner Occupiers

This commercial property located at 1 & 2/125 Gladstone Street, Fyshwick, is offered for sale by auction, scheduled on-site for Thursday 30 April at 11am. The asset comprises a versatile commercial space totaling approximately 828 square meters of gross floor area, distributed across two floors. The property includes a combination of office, showroom/retail, and warehouse areas, making it suitable for a variety of business uses.

Gladstone Street is recognized as one of the most sought-after commercial strips in Fyshwick, known for its high activity and diverse mix of industrial, retail, and office tenants. The location benefits from its prominence within Canberra's premier industrial precinct, enhancing its appeal to both investors and owner-occupiers.

The property currently has an existing lease on the ground floor, providing immediate income potential. This lease arrangement, combined with the building's excellent signage exposure, makes the asset attractive for investment or owner occupation.

Key features of the property include:

• A current gross rental income of $149,653 plus GST per annum.
• Lease expiry date set for 31 July 2027.
• A mixed-use layout incorporating office, showroom/retail, and warehouse spaces.
• Recently refurbished first-floor offices equipped with air-conditioning, amenities, and ample natural light.
• Ground-floor retail and showroom space complemented by office areas.
• Street-front car parking facilities.
• Prominent signage opportunities on a main street in Fyshwick.
• An exclusive driveway providing additional access and convenience.

The building's gross floor area is divided equally between two units: Unit 1 on the ground floor, measuring approximately 414 square meters and currently tenanted, and Unit 2 on the first floor, also approximately 414 square meters and presently available for lease.

Estimated outgoings for the property include annual rates of $26,684, with $14,296 paid by the tenant, and water and sewerage charges of $1,730.24 per annum, totaling approximately $28,414 annually.

This property represents a significant opportunity for investors seeking a stable income stream or owner-occupiers looking for a versatile commercial space in a prime location within Fyshwick.

Location