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1102 Mate Street, North Albury, NSW 2640

1102 Mate Street, North Albury, NSW 2640

Retail

  • For Sale
  • UNDER CONTRACT
  • Tender
  • Under Contract

  • Land Area
  • 638.00 m² (approx)
  • Floor Area
  • 870 m²
  • Tenure Type
  • Vacant Possession
  • Last Updated
  • Dec 16, 2021

Interested in this property? Contact an Agent today

Stanley & Martin - Albury

Suite 2 | 647-653 Dean Street

Albury NSW 2640

National Retail Tenant + 2 Residential Apartments

Stanley & Martin is pleased to present 1102 Mate Street, North Albury for sale by way of Tender closing Thursday 2 December 2021 at 4pm (AEDT).

Here is a brilliant opportunity to acquire this double storey, freehold property with immediate, secured retail income & significant upside to let the 2 x 3 bedroom apartments on level one.

The ground floor is securely leased to the Salvation Army Family Store until 23 November 2023, returning Net $61,800* PA + GST + Outgoings and 3% increases PA. Level one comprises 2 x 3 bedroom, spacious, modern apartments with a potential rental return of $31,200*. The property is well situated 40 meters* from the major five-ways intersection of North Albury and Lavington.

Additional highlights of the property:

• Total potential Net rent $93,000*
• Total building area of 870 sqms*
• Flexible B3 – Commercial Core Zone
• Total site area 638 sqms*
• Public ca rpark at rear. * Denotes approx.

1102 Mate Street, North Albury, NSW 2640

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