Stonebridge Property Group and L.J Coloquhoun Dixon are pleased to present for sale a landmark CBD retail investment that is positioned at the heart of Albury's primary commercial and retail precinct.
The key highlights of the opportunity include:
- Longstanding anchor tenants of JB Hi-Fi, Tk Maxx, Lincraft & Cheap as Chips
- Over 9,128 sqm* sqm of lettable area.
- Commanding corner site in the tightly held retail and commercial hub of Albury
- Street parking as well as an adjacent council car park and close by multideck all-day car park
- 89%* of passing income secured by national/chain tenants
- Longstanding tenants with the centres' weighted average tenure of 9.8 years1 (by area)
- Fully leased net operating income of $1,460,000* per annum with value-add & income growth potential
* Approximately
1 Average tenure to expiry
2 Albury Local Environment Plan 2010
The Mates Centre Albury is for sale by Expressions of Interest closing Wednesday 29th June 2022 at 4pm AEST.
To obtain further information or to arrange an inspection, please contact one of the exclusive selling agents.
Rorey James - Stonebridge | +61 439 400 081
Michael Collins - Stonebridge | +61 404 023 204
Andrew Dixon - L.J Colquhoun Dixon | +61 417 516 531
Property Code: 424
