STORY ACCREDITATION: The Border Mail October 12, 2025 | WRITER: Beau Greenway
A Wodonga real estate office and the Border headquarters of a national food distributor were snapped up at auction on Friday, October 10. Picture by Mark Jesser
The Border headquarters of a major food distributor sold at auction for more than $3 million.
Two bidders went back and forth for the 5283-square-metre property on Catherine Crescent in Lavington on Friday, October 10, which ultimately sold for $3,015,000.
The buyer was a phone bidder with links to Corowa, and has recently purchased property across Albury and Wodonga.
The warehouse is leased by Bidfood Australia as a base for its food distribution services.
It was built for Bidfood in 2003 and has housed the company ever since.
A vendor bid of $2.6 million was placed by Dixon Commercial Real Estate auctioneer Oscar Dixon to start the auction, before offers came in thick and fast.
The two parties exchanged offers of $25,000, with the property on the market at $2.725 million.
Bids continued to arrive in $25,000 increments all the way to $3 million, before they were reduced to $5000.
A move to $3,015,000 was enough to win the auction.
Dixon Commercial Real Estate director Andrew Dixon said the result exceeded expectations.
“We were thinking high twos [$2 million], but with two stronger bidders, it kept climbing,” he said.
“It typifies what is going on at the moment with industrial property. Vacancy rates are extremely low.”
Bidfood recently signed a new five-year lease through to June 2030, with options for two more three-year extensions through to 2036.
The net annual rental income for the property is $190,100.
Bidfood has sites in more than 40 locations across Australia.
The vendor was Border-based syndicate NVP Property, which sold another large industrial lot nearby on Reiff Street, near Catherine Crescent, in April for $1.43 million.