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Australian Government, Level 1/553-555 Smollett Street, Albury, NSW 2640

Australian Government, Level 1/553-555 Smollett Street, Albury, NSW 2640

Offices Medical/Consulting Other

  • Sold Contact Agent
  • Wed 24-Oct-18

Renewed 7 Year Net Lease To Commonwealth Of Australia

  • Rare Government Net Lease Terms
  • 5.5 Star Nabers Rating
  • Circa $500k Tenant Refurbishment

  • Land Area
  • 1208.00 m² (approx)
  • Floor Area
  • 1,208 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Partial
  • Last Updated
  • May 03, 2021

Interested in this property? Contact an Agent today

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Renewed 7 Year Net Lease To Commonwealth Of Australia

Renewed lease to Commonwealth of Australia to February 2025 plus options.
Rare government net lease terms & fixed annual 3% rental increases.
Immaculately presented 1,208 sqm open plan office including 17 secure car parking spaces on-title.
Circa $500k tenant investment for infrastructure and fit-out refurbishment.
Within professional office precinct, opposite West End Plaza (Coles, Kmart & 45 other retailers), metres to brand new Mantra Hotel and ATO building.
5.5 Star Nabers Energy Rating – One of just four buildings in Albury with 4.5 Star Rating or above (minimum standard for government tenants).
Versatile floor plate with long term future subdivision potential for residential or office (STCA).
Albury/Wodonga: strategically located Murray River twin-cities. Recognised together as one of Australia’s largest and progressive regional centres, servicing a population in excess of 170,000.
Rent: $385,778 pa (February 2019)

Auction 11am AEDT Wednesday 24 October 2018
River Room, Crown Casino, Melbourne

Australian Government, Level 1/553-555 Smollett Street, Albury, NSW 2640

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