Stonebridge Property Group and L.J Coloquhoun Dixon are pleased to present for sale a landmark CBD retail investment that is positioned at the heart of Albury’s primary commercial and retail precinct.
The key highlights of the opportunity include:
- Longstanding anchor tenants of JB Hi-Fi, TK Maxx, Lincraft & Cheap as Chips
- Over 9,128 sqm* sqm of lettable area.
- Commanding corner site in the tightly held retail and commercial hub of Albury
- Street parking as well as an adjacent council car park and close by multideck all-day car park
- 89%* of passing income secured by national/chain tenants
- Longstanding tenants with the centres’ weighted average tenure of 9.8 years1 (by area)
- Fully leased net operating income of $1,460,000* per annum with value-add & income growth potential
1 Average tenure to expiry
2 Albury Local Environment Plan 2010
The Mates Centre Albury is for sale by Expressions of Interest.
For further information or to arrange an inspection, please contact the Stonebridge team.