Mitchell_Vicars_Street_35-43

35-43 Vicars Street is a large 17,048 sqm land holding in Canberra’s tightly held industrial precinct of Mitchell. An asset of this nature is extremely rare in the marketplace. 

The block has a large 145m frontage to Vicars Street and provides holding income through a long term lease to a telecommunications tower over 80 sqm at the rear of the block which is non intrusive and will not prevent development of the site.

Zoned IZ1 for general industry, it accommodates various uses suitable for developers and owner-occupiers alike. The Mitchell industrial precinct, bordered by Gungahlin Drive, Gungahlin Cemetery, Flemington Road, and the suburb of Franklin, is currently at full capacity with no immediate plans to expand available industrial land. Significant land supply in Mitchell is very limited, 35-43 Vicars Street is one of less than 10 blocks above 15,000sqm in Mitchell. This property presents a once in a decade opportunity for developers to secure a significant holding in Mitchell.

For more information contact exclusive agents JLL