L.J Colquhoun Dixon Commercial Real Estate are pleased to offer for sale 531 Kiewa Street, Albury via public auction on August 19 at 2.30pm on-site.
Sitting on a site of 609 sqm and sold with two (2) quality tenants across a total net lettable area of 263 sqm, the offering represents a rare opportunity to acquire a prominent commercial investment centrally positioned on Kiewa Street and in close proximity to the Albury Post Office, West End Plaza, and Albury's main street, Dean Street.
531 Kiewa Street, Albury:
Tenant – Commonwealth of Australia t/a Department of Agriculture, Water & Environment
Building Area – Approximately 172 sqm
Lease: Three (3) years commencing October 2021
Option: Three (3) years
Rent: $54,000 per annum (plus GST)
531A Kiewa Street, Albury:
Tenant – OCTEC Employment Services
Building Area – Approximately 95 sqm
Lease: One (1) year & six (6) months commencing January 2022
Option: Two (2) years
Rent: $33,804.48 per annum (plus GST & outgoings)
Terms: 10% deposit, balance 60 days.
For more information or to request a copy of the Information Memorandum, please contact the Sales Agents below.