390 Wagga Road, Lavington

MAIN ROAD INVESTMENT WITH HUGE DEVELOPMENT UPSIDE

Dixon Commercial Real Estate are pleased to offer for sale 390 Wagga Road, via an Expression of Interest closing Friday 11 October at 4pm.

The offering presents an opportunity to invest in the short-term and/or develop (STCA) in the long-term. The building area comprises two warehouses of approximately 1,535 square metres that are positioned on a site of approximately 7,052 square metres. The property is offered for sale subject to a lease to Wettenhalls Regional Express Pty Ltd & Oyster Group Pty Ltd.

The site is prominently located on Wagga Road Lavington, amongst national tenants including ALDI, KFC & Hungry Jacks, whilst being easily accessible to the Albury CBD.

Lease details are as follows:
Tenant: Wettenhalls Regional Express Pty Ltd
Lease: Three (3) years commencing October 2022, expiring 2025
Option: 2 x 1 year options
Rent: $80,000 per annum plus GST and outgoings
Rent Reviews: CPI

Tenant: Oyster Group Pty Ltd
Lease: One (1) year commencing June 2024, expiring 2025
Option: 1 x 1 year option
Rent: $34,125 per annum plus GST
Rent Reviews: CPI

Key features include:
– Fully serviced and ready for development (STCA)
– Frontage of 50 metres to Wagga Road
– Zoned B4 – Mixed Use
– Suited to developer or owner occupier.

Terms: 10% deposit, balance 60 days.

For more information or to request a copy of the Information Memorandum, please contact the Sales Agents below.