1/2 Lyell Street

Fyshwick ACT 2609

Mezzanine currently vacant offering 199m2 for owner occupation or lease
Open Plan Workspaces with high ceilings
Onsite parking 4 on title plus up to 6 adjacent to the warehouse entrance
Flexible working area

This Commercial Industrial/Warehouse property offers an opportunity for partial owner occupation now with potential future full occupation.

2 Lyell Street is 3-unit strata complex that occupies a parcel of 1,861m2 located on a prominent corner with unit 1 facing Barrier Street. The corner location provides excellent street exposure as well as ease of access to the warehouse which is accessed off of Barrier Street. The warehouse location 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.

Mezzanine is vacant at the time of writing providing an opportunity for owner occupation of this area.
The mezzanine consists of 199m2 of fitted out office, defined areas within the tenancy provide separation of uses.
Access stairs, 2x designated office/training spaces, reception, open plan area, workroom, kitchen 1 x male +1
x female toilets. The fit-out is in good condition and the space is bright and well proportioned.

Located in a desirable and growing area, this property offers a great value for any buyer looking for an opportunity that is well located in a the established Fyshwick precinct.
Gross Passing income as of 01/07/2025 $100,240.00** plus GST:
Estimated fully leased gross $150,000.00 plus GST

Statutory Outgoings as provided by vendor.
General Rates: $16,891.18
Water Rates: $1,936.96
Strata Fees: $13,320.00
Statutory Outgoings Total: $32,238.11*
Passing net income $67,524.17 plus GST

Stamp Duty concessions: The ACT government has announced that as of 1 July 2025, commercial properties with a dutiable value of $2,000,000 or less will pay no conveyance duty.
Additionally, in the ACT Land tax does not apply to commercial properties.

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.
*source: Vendor
**Less lease incentive $485.33 per month plus GST (paid by vendor on settlement)

METHOD OF SALE - VIA PRIVATE TREATY

Due Diligence Materials are available for viewing, including, but not limited to the building file search results,
Statutory outgoings notices, crown lease and amendments, lease documentation.
Please contact the listing agents to arrange inspection or request access to the Due Diligence documents.

Please contact the exclusive selling agents