This Commercial Industrial/Warehouse property for sale offers an excellent investment opportunity. The property features a high clearance, versatile warehouse facility that is perfect for a wide variety of uses and located in the desirable area of Fyshwick.

2 Lyell Street sits on a parcel of 1861m2 located on a prominent corner with unit 1 facing Barrier Street which provides excellent street exposure. The warehouse offers side entry via the high clearance roller and is a clear-span space and includes its own toilet facilities. The warehouse is linked to the office/showroom which is fully airconditioned, has kitchenette, male and female toilets.

Located in a desirable and growing area, this Industrial/Warehouse property offers a great value for any buyer looking for an investment opportunity that is well located in a tightly held market.
This is an opportunity that should not be overlooked. Buyers interested in scheduling an appointment to take a tour of this property should contact the listing agent immediately.

Gross Passing income as of 30/06/2023 $138,573.70 plus GST:
Statutory Outgoings as provided by vendor.
General Rates: $12,600.00
Water Rates: $1,684.56
Strata Fees: $6,068.00
Statutory Outgoings Total: $20,352.56 as of 15/06/2023

Sale Price UPDATE: $1,699,000 ex GST.

Stamp Duty concessions: The ACT government has announced that as of 1 July 2023, commercial properties with a dutiable value of $1,800,000 or less will pay no conveyance duty. Where the value is greater than $1,800,000 a flat rate of 5 per cent will apply.

Additionally, in the ACT Land tax does not apply to commercial properties.