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.

PROPERTY TYPE

Retail

Inspection times

View strictly by appointment

Stanley & Martin

NSW
Suite 2 / 647 Dean Street Albury
Contact: 0260238900

Kel Barclay

: 0402 332 899
: kel.barclay@stanleyandmartin.com.au

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