461 Dean Street, Albury

COMMANDING CBD INVESTMENT WITH 14-YEAR LEASE AGREEMENT TO ANCHOR TENANT

Dixon Commercial Real Estate are pleased to present 461 Dean Street, Albury for sale via Auction on Friday 10 July at 2:30pm on-site.

This property presents a unique opportunity to secure a fully leased landmark commercial investment, prominently positioned on the corner of Albury's main street, Dean Street, and David Street in the heart of the CBD.

Anchored with a national tenant on a 14-year lease agreement, expiring in November 2032, the tenant profile is complemented with an established local businesses and residential rental income, providing a versatile and diversified investment with stability and upside.

The property comprises five (5) separate income generating tenancies generating $190,782.19 per annum.

Tenancy 1 – Zambrero's – Anchor Tenant
Rent - $105,309 per annum + GST (gross)
Commencement – November 2018
Tenure – 14 years
Option – 1 x 7 years

Tenancy 2 – Kinetic Medicine
Rent - $30,613.19 per annum + GST + Outgoings
Commencement – October 2023
Tenure – 3 years
Option – 1 x 3 years

First Floor – Three (3) separate 1-bedroom residential apartments all leased on various tenures.
Total Rent - $54,860 per annum

Rear lane access provides convenient delivery and service access, accompanied by a private car park for both residential and commercial tenancies.

Key features include:
- Commanding main street corner site
- Well established and strong performing tenant profile anchored by a national food retailer
- Risk-averse investment with mix of commercial and residential
- Opportunity to own and occupy (residential)
- Rear lane access (Abikhair Lane) off David Street

This is an ideal opportunity for investors seeking a secure and diversified income-producing asset, underpinned by a prominent CBD corner position, strong tenant covenant and long-term growth potential.

Terms: 10% deposit, balance 60 days.