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569 Dean St Albury NSW 2640

  • Shop & Retail
  • 9,128 m²
  • For Sale, Contact Agent

Iconic Albury CBD Retail Investment with Value-Add Potential

  • JB Hi Fi, Tk Maxx, Lincraft & More
  • 89%* of passing income secured
  • Weighted average tenure of 9.8 years*

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

Property Highlights

Floor Area9,128 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017841600
Category
Last updated  7 Jun 2022
Map for 569 Dean St Albury NSW 2640

Property Highlights

Floor Area9,128 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017841600
Category
Last updated  7 Jun 2022
Level 7, Martin Place Sydney NSW 2000
Rorey James
Rorey James
Stonebridge Property Group
Michael Collins
Michael Collins
Stonebridge Property Group
Andrew Dixon
Andrew Dixon
LJ Colquhoun Dixon

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