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Sold on 10 Apr 2019

687 Drome Street, Albury NSW 2640

  • Retail
  • Floor Size126 m²
  • PriceSold

New BP Service Station Between McDonald's, Bunnings & Large Format Retail Centre

Secure 15 year lease to 2032 plus options to 2042.
Lessee pays all usual outgoings including Land Tax.
Absolute prime position between McDonalds & Bunnings.
As new, built 2017 providing substantial taxation saving depreciation.
Experienced operator now with 9 sites nationally and growing.
Minimum 3% increases assuring growth 3 month security deposit.
1,482 sqm corner site with 71 metres retail frontage.
Strategic retail position adjoining new McDonalds, opposite brand new $39M Bunnings Warehouse (opened Feb 2018), close to Albury Airport and metres to new large format retail precinct including Harvey Norman, BCF, Total Tools, Anaconda and Supercheap Auto.
Albury/Wodonga twin cities recognised together as one of Australias largest progressive centres servicing a population in excess of 170,000.
Rent: $302,357 p.a. (May 2019)

Private Sale

Property Highlights

Property ID2014993374
Date Sold10 Apr 2019
Floor Area126 m²
Land Area1,482 m²
ParkingAsk Agent
Category
Last updated  17 Apr 2019
Map for 687 Drome Street, Albury NSW 2640
Burgess Rawson & Associates
Level 7, 140 Bourke Street Melbourne VIC 3000

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