In a move set to stir interest across the national industrial investment landscape, one of Canberra’s last remaining large-scale industrial landholdings has officially hit the market.
Located at 14 Tennant Street, Fyshwick, the 13.1-hectare* site, known as Crown Estate Fyshwick, is being offered via an Expressions of Interest campaign closing December 10. The site has an approved Crown Lease variation Development Application (DA) for one or more of the following uses - bulk landscape supplies, data centre, freight transport facility, general industry, light industry, storage facility, transport facility and warehouse.
The site includes an operational concrete batching and recycling facility, with the business also available for sale under a separate campaign.
With multiple access points, 500 metres of street frontage, and adjacency to a zone -substation, the property offers significant infrastructure advantages and is for sale through David Hall and Archie Cropley of Cushman & Wakefield and Todd Clark of InSitu Real Estate.
David Hall of Cushman & Wakefield, said buyer interest is expected to come from “institutional and private capital groups seeking scale in a market where industrial land is increasingly scarce.”
“Opportunities of this magnitude with a vast array of potential uses including data centres, are very rare and rarely traded,” Mr Hall said.
Todd Clark of InSitu Real Estate, added: “Fyshwick’s strategic location, just minutes from Canberra Airport, the CBD, and major freight corridors, makes it one of the most connected industrial zones in the country.
“With Canberra’s industrial vacancy rates among the lowest nationally and planning policies tightening land supply, Capital Estate presents a compelling opportunity for long-term growth and redevelopment” he said.
*Approx.
