LJ Colquhoun Dixon Real Estate are pleased to offer for sale at Auction this outstanding commercial investment property.
- Five (5) year lease to O'Brien Auto Glass.
- Lease expires August 2024 with option.
- Current rent is $49,595 per annum plus GST.
- Outgoings are payable by lessee.
- Zoning B4 Mixed Use.
The site is superbly positioned in Albury's Central Business District and enjoys enormous exposure to Young Street being a major arterial road in Albury.
It is prominently located and provides exposure to a major intersection and enjoys the benefit of being on the north east corner of the intersection.
The site comprises an area of approximately 687 square metres and has a frontage to Young Street of approximately 41 metres and a depth of 16.6 metres.
The landlord has recently added a loading bay with additional roller doors and an additional rent of $600 per calendar month including GST is paid in addition to the rent to offset the cost of the improvements.
NB: Properties of this calibre are tightly held and the opportunity to acquire this commercial investment with all fundamentals being satisfied represents a unique opportunity.
Terms: 10% deposit, balance 42 days.