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RENEWED 7 YEAR LEASE TO COMMONWEALTH OF AUSTRALIA

Level 1/553-555 Smollett Street, ALBURY NSW, 2640

Sold

Property Sold in Level 1/553-555 Smollett Street, ALBURY NSW, 2640

L.J Colquhoun Dixon Commercial Real Estate

576 Kiewa Street, Albury, NSW 2640

Listing ID:
11350697
Status:
Sold
Price:
SOLD
Last Updated:
02/07/2019
Icon building

Property Type

Offices
Icon square

Land Area

0 SQM
Icon size

Floor Area

1208 SQM
Icon parking

Parking

N/A

RENEWED 7 YEAR 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

For more details, please email agent

L.J Colquhoun Dixon Commercial Real Estate

576 Kiewa Street, Albury, NSW 2640


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