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M AT E S T R E E T NORTH ALBURY INFORMATION MEMORANDUM
Information Memorandum
Contents
Introduction 4 Executive Summary
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The Property
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Location 8 Outgoings 12 Sales Process
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Introduction On behalf of Stean Nicholls Real Estate, Kristian Hopwood is proud to present to the market 806 Mate Street, North Albury for Sale via Auction. This property presents itself as an outstanding freehold investment. The property is located on a high-profile site benefiting high traffic volume connecting the city’s north to south. The tenant, Mr Stoves Pool World is a successful and iconic business to the Albury – Wodonga region and has been servicing the area for over 40 years. The new lease provides options that can see tenancy until 2036. The property will be sold at Auction, Friday 13th August 2021 at 12.30pm. For further information or to organise an inspection, please contact Kristian Hopwood directly.
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Executive Summary Property:
806 Mate Street, North Albury, NSW, 2640
Property details:
This property boasts an impressive 840m2 building on a large 1530m2 corner block. In such a high growth area, its R1 zoning is very attractive allowing flexible opportunities in the future (STCA).
Lease Details:
Rental income of $74,365 plus GST per annum. Mr Stoves Pool World is a successful business and has traded for over 30 years in Albury. The new five (5) year lease commenced on 01.03.2021 and includes two (2) x five (5) year options.
Net lettable areas:
The building (approx.840m2) includes a Showroom, office space, amenities, conference room, kitchen, workshop, storage shed. The site benefits from sixteen (16) car parking spaces.
Council rates:
$5,450.69 per annum (approx.)
Water and sewerage rates:
$1,346.03 per annum + consumption (approx.)
Zoning:
R1 General Residential Zone
Title:
Lots 7 & 8 DP 38188
Planning authority:
Albury City Council
Sale Process:
Auction
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The Property 806 Mate Street, North Albury consists of a large showroom (built in 2006) that comprises an office, conference room, kitchen, amenities, and adjoins to a workshop and storage. The building benefits from fortyfour (44) 10kW north facing solar panels on the new roof, large sliding door for workshop access, and there is dual access (Mate Street and Bellevue Street).
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Location 806 Mate Street, North Albury is strategically located along Mate Street, feeding directly to major arterial Union Road, providing easy access to the Hume Freeway. The location is approx. 320 kilometres north east of Melbourne and approx. 553 kilometres south east of Sydney in Southern New South Wales.
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1km Hume Highway
3.7kms Albury Airport
Albury CBD
8.1kms Wodonga CBD
553kms Sydney
320kms Melbourne
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Location 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 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. Today Albury-Wodonga is a growing, vibrant, and tranquil destination where locals and visitors can find time to stop, relax, unwind, and explore. 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, and endless leisure and recreation options. Albury has a cosmopolitan feel that reflects a unique multicultural heritage.
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Outgoings Council rates:
$1,346.03 per annum + consumption (approx.)
Water and sewerage rates:
$2,915.85 per annum + consumption (approx.)
Sales Process 806 Mate Street is offered for sale by auction.
Vendors Agent Details Kristian Hopwood Commercial Manager +61 (0) 473 888 821 +61 2 6021 5233 kristian@steannicholls.com.au
Jack Stean Director/Auctioneer/Sales Executive +61 (0) 434 588 664 +61 2 6021 5233 jack@steannicholls.com.au
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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.
