132 FALLON STREET NORTH ALBURY
132 Fallon Street,
Albury, NSW 2640 Executive Summary
North
On behalf of our esteemed client, Stean Nicholls Commercial is pleased to present an opportunity to acquire a rare E4 General Industrial property, situated in one of Albury’s premier business parks. This asset offers significant potential for both owner-occupiers and investors seeking prime real estate.
Located at 132 Fallon Street, this highly coveted site presents an exquisite opportunity in a sought-after area. The property benefits from a prestigious blue-chip location with exceptional access to the Hume Highway, one of Australia’s primary inter-city national highways, stretching 840 kilometres between Melbourne and Sydney.
Opportunities of this calibre are exceptionally rare in the Albury market, which has seen a scarcity of high-quality industrial offerings in recent years. The strong underlying fundamentals of the Australian property market, combined with Albury’s substantial infrastructure investments, further enhance the appeal of 132 Fallon Street as a prime investment opportunity.
For more information or to arrange an inspection, please contact Kristian Hopwood.
Property
Address
132 Fallon Street, North Albury, NSW 2640
LOT 34 DP1134645
Kristian Hopwood Director
T: (02) 6021 5233
M: 0473 888 821
E: kristian@steannicholls.com.au
Executive Summary
Short Term Tenant Details
This corner site will serve as a temporary home for Australia Post under a short-term tenancy during the festive season, concluding in January 2025. The tenancy is structured as a gross lease.
Australia Post Corporation
• 01.10.2024 – 31.01.2025
• $162,995.40 + GST
Outgoings
Council rates
Water and sewerage rates
Zoning
Planning authority
$3,347.15 per annum (approx.)
$1,112.46 + consumption (approx.)
E4 General Industrial
Albury City Council
Sale Process
$2,500,000
Terms: 10% deposit, balance 42 days.
Kristian Hopwood Director
M: 0473 888 821 E: kristian@steannicholls.com.au CONTACT AGENT
T: (02) 6021 5233
Highlights
132 Fallon Street is geographically positioned 3km from the Hume Freeway on/off ramp, this strategic location is on Australia’s main transport corridor which allows for overnight delivery to 75% of the Australian population by either rail or road.
Transport
• 3Kms from Hume Highway On/Off ramp
• 3.8kms from Albury CBD
• 4kms from Albury Airport
• 10kms from Wodonga CBD
• 325kms from Melbourne CBD
• 553kms from Sydney CBD
• 1,452kms from Brisbane CBD
• 859kms from Adelaide CBD
Site Stats
• Hard stand area for efficient truck, delivery and customer movements
• Total Site Area – 1,448 sqm
• Total Building Area – 939.3 sqm
• Roof Height – 5.64m on the low side
• Car Parks – 12
REGION STATS
• Albury/Wodonga $16.439B in gross area output
• Albury/Wodonga population 101,793
• Largest industry sector is manufacturing
Building Specifications
The corner site is currently improved with an industrial office building. The property features a spacious office area, equipped with four high bay electric roller doors along its side. The front of the building showcases a brick façade and includes a large reception area, generous office spaces, a well-appointed kitchen, toilets, and storage facilities designed to accommodate major trades.
At the rear of the property is a substantial warehouse, accessible via four large roller doors facing Jelbart Road. The site benefits from multiple access points, with entry available from both Fallon Street and Jelbart Road, giving the property a dominant presence on this North Albury corner.
Ample parking is available around the building for the convenience of both tenants and customers, with two primary access points from Fallon Street and Jelbart Road.
STRUCTURE
• Boasts a modern façade with fantastic exposure onto Fallon Street
• Welcoming reception area at the front
• Generous office fitted with kitchen
• Ample storage areas along the ground floor and mezzanine level
• Warehouse (with 4x high bay roller door access)
SAFETY
• Alarm system throughout the property
• Internal & external lighting
• External fenced storage areas
CONVENIENCES & POWER SUPPLY
• 3 phase power available
• Warehouse storage and office area
• 4 x high bay clearance roller doors
• Modern bathroom with toilet and shower
• Concrete driveway and on site parking via two access points
• Individual power & water metering
• Solar power on the roof
ACCESSIBILITY
• The premises is located on the highly accessible corner site, Fallon Street and Jelbart Road, with 12 car parks surrounding the building for easy access.
• Access to property from off Jelbart Road for deliveries to be made along the side of the property or as a secondary access point off Fallon Street for the carparking.
• Easy access from the Hume Highway (Racecourse Road on/off ramp)
Around The Area
Albury is a major regional city in New South Wales, located on the Hume Highway on the Northern side of the Murray River, while its twin sister Wodonga lays on the southern side of the Murray River in Victoria. Albury has an urban population of over 50,000 and a combined population of over 90,000 residences with Wodonga.
Located just 500 km to Sydney and 300 km to Melbourne, Albury is considered a major transport link between NSW and VIC, both road and railway. With 46 major projects underway, the Albury-Wodonga region is a growing, vibrant, and tranquil destination where locals and visitors can find time to stop, relax, unwind, and explore.
The Albury City Council is underpinned by their Community Strategic Plan called Towards Albury 2050. Towards Albury 2050 provides a long-term approach and plan for the future of the community. The plan is structured under four strategic directions or themes – A Growing Sustainable Economy, An Enhanced Natural Environment, A Caring Community and A Leading Community. For more information, you can visit https://www.alburycity.nsw.gov.au/council/future-planning/ albury-2050
The City of Albury, located in Wiradjuri country, has a bustling economy, world-class medical and health services, a vibrant cultural and artistic scene, sporting facilities to rival those of the capital cities. Albury has a cosmopolitan feel that reflects a unique multicultural heritage.
steannicholls.com.au 02 6021 5233 Suite 1, Unit 19, 669 Dean Street, Albury
Disclaimer
The information contained in this information memorandum has been prepared in good faith and due care by the Vendor and Stean Nicholls. Any projections contained in the information memorandum therefore, represent best estimates only and may be based on assumptions.
The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquiries to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.
The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document. Specifically, we make the following disclosure:
All areas, measurements, boundaries, building outgoings and rents are approximate only and subject to final confirmation;
The information contained in this document is provided as a guide and an aid to further investigation by potential purchasers. Prospective purchasers should seek legal, financial and other appropriate expert advice in order the verify the accuracy of the information presented in this document.
GST Disclaimer
Stean Nicholls advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.