560 Olive Street, Albury
MULTI-TENANTED RETAIL INVESTMENT IN ALBURY CBD
Dixon Commercial Real Estate is pleased to offer for sale 560 Olive Street, Albury. This opportunity presents a high exposure multi-tenanted freehold positioned prominently on the corner of Olive Street and Swift Street, only 200 metres from Albury's main street in the heart of the CBD.
With a high occupancy rate, the opportunity provides for a versatile and diversified investment with eight (8) separate retail tenancies totalling a net lettable area (NLA) of approximately 857 square metres across a mostly ground level retail with one first floor tenancy, and positioned on a commanding corner site of 834 square metres.
The net passing income on a fully let basis is $234,703 per annum plus GST, with varying short and long-term leases.
Key features include:
- Net Lettable Area of 857 square metres across retail tenancies
- Total Site Area of 834 square metres
- Commanding corner site in a tightly held CBD
- Excellent corner exposure to Olive & Swift Streets with frontage of 60 metres
- E2 Zoning - Commercial Centre
- Opportunity for Rental Growth
- Huge Development Scope (STCA)
This multi-tenanted property offers a rare balance of income stability and future flexibility, offering an opportunity for rental growth with existing vacancy and upcoming market reviews, opportunity to own and occupy with the existing vacancy, and the opportunity for future development of this commanding and highly regarded Albury CBD site (STCA).
Terms: 10% deposit, balance 60 days.
To request an Information Memorandum and Tenancy Schedule or to arrange an inspection, please contact the agents below.
With a high occupancy rate, the opportunity provides for a versatile and diversified investment with eight (8) separate retail tenancies totalling a net lettable area (NLA) of approximately 857 square metres across a mostly ground level retail with one first floor tenancy, and positioned on a commanding corner site of 834 square metres.
The net passing income on a fully let basis is $234,703 per annum plus GST, with varying short and long-term leases.
Key features include:
- Net Lettable Area of 857 square metres across retail tenancies
- Total Site Area of 834 square metres
- Commanding corner site in a tightly held CBD
- Excellent corner exposure to Olive & Swift Streets with frontage of 60 metres
- E2 Zoning - Commercial Centre
- Opportunity for Rental Growth
- Huge Development Scope (STCA)
This multi-tenanted property offers a rare balance of income stability and future flexibility, offering an opportunity for rental growth with existing vacancy and upcoming market reviews, opportunity to own and occupy with the existing vacancy, and the opportunity for future development of this commanding and highly regarded Albury CBD site (STCA).
Terms: 10% deposit, balance 60 days.
To request an Information Memorandum and Tenancy Schedule or to arrange an inspection, please contact the agents below.
overview
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1P3031
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Retail
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Sold
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560 Olive Street Albury NSW
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857 sqm
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834 sqm