869 Mate Street, North Albury

869

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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Floor Plan

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Location 12 Outgoings 16 Sales Process

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Introduction On behalf of Stean Nicholls Real Estate, Kristian Hopwood is proud to present to the market 869 Mate Street, North Albury for a Forthcoming Sale. This property presents itself as an outstanding freehold investment.

Conveniently positioned on a well renowned site, offering high traffic flow and superb street presence, while also connecting the City’s North to South makes this site so accessible.

DLG Glazing are locally owned and operated for the past 20 years, with the current growth rate of their business the decision was made to relocate. 869 Mate Street will be sold with a lease in place until 31.12.2022. Leaving a vast ray of opportunities for those looking to trade in an extremely successful position.

There is a provision in place allowing DLG a 6-month option to assist with their relocation of their business.

For further information or to organise an inspection, please contact Kristian Hopwood directly on 0473 888 821 or kristian@steannicholls.com.au

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Executive Summary Property:

869 Mate Street, North Albury, NSW, 2640

Property details:

This The spacious 4,640m2 corner block comprises an impressive construction of three (3) impressive workshops, a showroom and a well scaled mezzanine office area.

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Lease Details:

The site is currently owner occupied and will be sold with a lease back until 31.12. 2022 + six (6) month option if required. The lease in place is $222,181.96 +GST per annum.

Net lettable areas:

3,336m2 Total building area includes a showroom, mezzanine office space + showroom, three (3) bathrooms, board room, kitchen, 3 x large workshops and a workshop production office. The site has thirty-three (33) car parking spaces on the North East corner hard stand area.

Council rates:

$11,555.80 per annum (approx.)

Showroom (Ground Floor) – 220m2 Office Area + showroom (First Floor) – 300m2 Workshop 1 – 1,000m2 building Workshop 2 – 1,000m2 building with a 5m roller door Workshop 3 – 816m2 with 5m roller doors on either end Total lettable area – 3,336m2 5-Tonne ‘Compass’ crane B5 Business development zoned On a large 4640m2 corner block

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Executive Summary Water and sewerage rates:

$1,344 per annum + consumption (approx.)

Zoning:

B5 Business Development Zone

Title:

LOT 1 DP1080395

Planning authority:

Albury City Council

Sale Process:

Forthcoming Sale

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The Property Situated on 4,640m2 with road frontage to Mate Street and side access from Buckingham Street and Pauls Lane. 869 Mate Street benefits from high vehicle exposure and access to major arterial roads and transport routes.

Stylish and chic, the Art Deco style building plays host to an immaculate showroom, front office spaces with the added features of ducted heating and cooling. Above you will find the mezzanine level which boasts an impressive additional showroom with modern polished floorboards, boardroom, IT Geographically positioned between Albury server room, toilets, staff kitchen, two extra & Lavington, all within close proximity to the private offices and one large open plan office Hume Freeway with easy access via the area which overlooks the workshop floor. popular Union Road. This is an attractive feature for the utility of the Site. included in the sale of the 5kw roof solar panels, 5 tonne “Compass” crane plus ample security systems throughout.

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Floor Plan

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Floor Plan

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Floor Plan

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Location 869 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 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.

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.

Albury has a cosmopolitan feel that reflects a unique multicultural heritage.

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Outgoings Council rates

$11,555.80 per annum (approx.)

Water and sewerage rates

$1,344 per annum + consumption (approx.)

Sales Process Forthcoming Sale.

Vendors Agent Details

Kristian Hopwood

Commercial Manager

+61 (0) 473 888 821

+61 2 6021 5233 kristian@steannicholls.com.au

Geoff Stean

Director/Auctioneer/Sales Executive

+61 (0) 413 888 788

+61 2 6021 5233 geoff@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.