3/518 Macauley Street, Albury

SUPERBLY LOCATED COMMERCIAL INVESTMENT

L.J Colquhoun Dixon Commercial Real Estate are pleased to offer for sale this superbly positioned commercial investment property.

The building comprises an area of approximately 188 square metres and is part of a three (3) lot strata commercial complex.

The building has been occupied by Statewide Sewing Centre for many years.

This tenant entered into a five (5) year lease in July 2018 and has two (2) options of lease renewal, each of five (5) years.

The current rent is $27,854 per annum plus GST on a net basis with the tenant paying all outgoings.

The annual rent is adjusted to CPI with a market review due in the first year of any renewed term.

The property has new air-conditioning and a new roof has been recently installed.

The land is zoned B3 Commercial Core in accordance with the local Albury Local Environmental Plan of 2010 which is the highest and best commercial usage in Albury.

The property is superbly located in Albury's Central Business District and is sited opposite a large major Council car park and is in close proximity to Dean Street.

Terms: 10% deposit, balance 42 days.

For further details please contact Oscar Dixon on 0408 212 299 or Nathan Last on 0457 934 842.

features

  • Air Conditioning
  • Close to Shops
  • Heating
  • Kitchenette
  • Toilet Facilities

overview

  • 1P0556
  • Retail
  • Sold
  • 3/518 Macauley Street Albury NSW
  • 188 sqm
  • B3 Commercial Core