In Queanbeyan’s eastern industrial precinct, 81 Yass Road is on the market, boasting investment, future owner occupier or development opportunities.

Comprising of a 2,004sqm fully established hardstand, 139sqm of office improvement, 93sqm of undercover awning area, and 235sqm of conical shade structure, the rectangular shaped property features over 50m of uninterrupted street frontage to Yass Road.

Colliers director of capital markets, Matthew Winter, said the long-term tenant, Kennards, is currently one year into a new five-year lease over the site.

“There is a five-year option included in the new lease arrangement, providing the opportunity to secure a long-term income stream if that is what the new owner wants,” Mr Winter said.

“Alternatively, it could be a prime site for an owner occupier to establish a business, or zoning provides an array of potential development options.”

Permitted uses (with consent) of the site include childcare, hotel or motel accommodation, medical centres, multi dwelling housing, serviced apartments, community facilities, and commercial premises.

Colliers executive director of metropolitan markets and investment services, James Powderly, said the site offers ready access to Canberra, Sydney, and the east coast.

“With this range of choice, a new owner could explore usage that would generate higher market rent to create an uplift in value,” Mr Powderly said.

Offers for sale by expressions of interest close Thursday 23 March at 4pm (AEST).

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