UNIQUE DOUBLE ASSET WITH ROI ON-TAP.
POINT OF INTEREST:
When it comes to rural towns, the only thing more essential than a nearby highway is a renowned tavern and bottle-O. Here, both are on offer for hungry investors looking for a tenanted 2-in-1 deal. The significant corner site catches those turning off the Hume (aka Murray Valley Highway) and into Wodonga, with at least 240 m* of dual frontage capturing thirsty commuters’ attention. The land itself stretches 6,501 sqm* with a building split into two tenancies; one for the Edwards Tavern and the other for a drive-thru Cellarbrations. The well-known tenants bring in a combined annual income of $215,980.00 however the magnitude of the landholding here goes much further in value. That land also facilitates no less than 70 allocated car parks, an understandable crowd thanks to the dozen surrounding hotels / caravan parks and prime position within the town — plus neighbours from Albury coming in for Thursday steak night.
- Currently tenanted to high-performing tenants, Edwards Tavern and Cellarbrations.
- $215,980.00 per annum in combined leasing income.
- 6,501 sqm* total land area.
- 1,100 sqm* total building area.
- Over a dozen hotels / motels & caravan parks within a kilometre radius.
- Positioned at the Gateway to Wodonga.
- 70 car spaces.
- Commercial 2 zoning.
- 240 m* of dual frontage across a significant corner site.
- Metres to the Hume Freeway
POINT OF VIEW:
There’s no safer investment than a highly regarded tavern, but tacking on a big-name bottle-O retailer to the package is like upgrading your schnitzel to the perfect parma.
*Approx.
Pricing excludes GST