We acknowledge the original custodians of these lands. The people of the rivers and the hills have walked these lands for thousands of years as well as today, and we pay respects to the elders of the past, present and emerging.
Stean Nicholls Real Estate is proud to offer for sale the freehold of 440 Swift Street, Albury via public auction on Friday 19th May 2023 at 12:30pm.
This prime commercial property is located in a highly sought-after area in the Albury CBD precinct and presents an excellent growth opportunity for investors. The property’s prominent location and strong asset fundamentals make it a highly desirable investment.
The lease to Allglass Albury Wodonga provides fixed growth, ensuring a reliable return on investment.
To obtain more details or to arrange a viewing, contact Kristian Hopwood directly at 0473 888 821 or via email at kristian@steannicholls.com. au.
Property:
440 Swift Street, Albury, NSW, 2640
Property details:
A corner block location on 436sqm (approx.) and a grand exterior provide a welcoming entrance to this fantastic property. There are three offices, a reception/waiting area, two showrooms and storeroom, all to be used as so desired and all very generous in their proportions. The property also has a kitchen, male and female amenities including a shower room. Storage is ample with a large 120 sqm warehouse that includes an extra 30sqm mezzanine area. Totaling 305sqm (approx.) in usable floor area.
At the rear, a secure 3 car carport accessed off Macaulay Street allows direct delivery into the warehouse without disrupting the front of house business.
Modern conveniences include ducted heating and cooling, security system, carpet throughout and electric roller doors. This Swift Street location is just minutes from Albury’s CBD and entertainment precincts, making it an excellent investment opportunity.
• This property offers immediate and ongoing returns to investors
• Central corner location
• High exposure with large passing traffic
• $58,843.41 + GST pa rental income
• Tenant pays 100% outgoings
• B4 Mixed use zoning
Tenant Details:
Comprising of AllGlass Wagga, AllGlass Canberra, AllGlass Goulburn and AllGlass Albury Wodonga, the AllGlass group are a strong aluminum and glazing business in the region. They deliver a comprehensive range of windows and doors to the vastly growing regional areas of Victoria and New South Wales.
Each of the businesses has differing offerings, that have been established and grown within their respected market. By comprising the businesses under one group, the AllGlass Group are able to strengthen their capabilities across the board, from product knowledge to marketing and sales expertise.
Lease Details: All Glass Albury Wodonga (All Glass Wagga Pty Ltd)
$58,843.41 + GST pa income
08.11.2021 - 07.11.2024 (3 year lease) + 1 x 3 Year Option
Outgoings
Council rates:
$6,773.47 per annum (approx.)
Water and sewerage rates: $540 per annum + consumption (approx.)
Zoning: B4 Mixed Use
Title: LOT 1 Plan DP 204045
Planning authority: Albury City Council
Sale Process: Auction Friday 19th May
Terms: 10% deposit, balance 60 days.
Situated on one of Albury’s major intersections in the CBD, is this quality built single level building, which is home to AllGlass Albury Wodonga which provides glass and aluminium solutions throughout regional south west NSW. Located one block from Dean Street, the site benefits from excellent exposure to large volumes of passing traffic.
The location is approx. 320 kilometres North East of Melbourne and approx. 553 kilometres South East of Sydney in Southern New South Wales.
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 AlburyWodonga 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 www.alburycity.nsw.gov.au The City of Albury, located in Wiradjuri country, has a bustling economy, worldclass 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.
Kristian Hopwood Commercial Manager
+61 (0) 473 888 821
+61 2 6021 5233
kristian@steannicholls.com.au
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.
