Dixon Commercial Real Estate are pleased to offer for sale 492 Dean Street, Albury via public auction on June 23 at 2.30pm on-site.
With a net lettable area of approximately 360 square metres over two (2) levels, the opportunity presents a freehold investment with two (2) quality and longstanding tenants.
The offering provides a rare opportunity to acquire a prominent retail investment in Albury's CBD, with a diversified tenant mix including a national apparel retailer (Just Jeans) and renowned hospitality operator (Level One Wine Bar).
Ground Level:
Tenant - Just Jeans Pty Ltd
Lease - Three (3) years commencing July 2022
Option - N/A
Rent - $61,746 per annum (plus GST and outgoings)
Level One:
Tenant - Level One Wine Bar Pty Ltd
Lease - Three (3) years commencing June 2021
Option - Three (3) years
Rent - $25,117.44 per annum (plus GST and outgoings)
Landlord is responsible for building insurance.
Terms: 10% deposit, balance 60 days.
For more information or to request a copy of the Information Memorandum, please contact the Sales Agents below.