403 Lake Albert Road, Wagga Wagga, NSW 2650

Retail

For Sale Price Upon Application

  • Property ID: 442954
  • Floor Area: 365m²
  • Land Area: 645m²
  • Occupancy: Vacant
Multi Tenanted Commercial Investment!

Raine & Horne Commercial is pleased to present a Multi Tenanted Commercial Investment opportunity to the Market.
403 Lake Albert Road comprises three retail premises, existing tenants in place include a popular Thai Restaurant & two Beauty services businesses.
Perfectly positioned between two major suburbs in Wagga Wagga, fronting one of Wagga Wagga's main arterial roads.
This strong commercial position provides excellent signage opportunities and amazing exposure to busy Lake Albert Road.
The property has been refurbished and is separated into three well sized retail premises all with modern glass retail frontages.

• Shop 1, being a largely open plan space with partitioned beauty rooms, kitchenette and shared bathroom amenities to the rear.
• Shop 2, enjoying a light and functional reception area with four consulting rooms including basins, plus shared bathroom amenities.
• Shop 3, features a large open plan area, currently used as a dine in restaurant with commercial kitchen and disabled bathroom to the rear.

The property enjoys rear lane access via Cobbola Street, providing four reserved car spaces for tenants. All tenancies have front & rear street access.
Presenting a secure investment opportunity with three strong leases in place to quality established tenants.

Wagga Wagga Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2209 $119 5.38%
Retail $4247 $246 5.80%
Offices $2632 $308 11.70%
This is the average advertised price, rent and yield for Wagga Wagga, NSW 2650*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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