Iconic Retail Investment
Stean Nicholls Real Estate are pleased to offer this rare opportunity to purchase 534 – 536 Olive Street, Albury. The property is perfect for new and / or established businesses looking to relocate to a prime location in the heart of the Albury CBD. It is a high-profile commercial freehold which provides significant exposure and connects well with the busy retail shoppers of Albury. Situated on Albury’s prime shopping strip right next to the Myer Centrepoint, this property enjoys the pulsating lifestyle amenity that Albury CBD provides.
With over 650sqm (approx.) of dedicated retail space and an 18-metre frontage to Olive Street, this property is perfect for the owner occupier and investors alike. There is rear lane way access for ease of delivery and ample amounts of storage. Opportunity to lease the upstairs level if required.
Shop 534 Olive Street, Albury:
Large, modern fit out including 8 changerooms, 2 toilets and sinks (+ disabled toilet & sink),
kitchenette, storage and rear access. Approx. 400m2 of floor space.
Shop 536 Olive Street, Albury:
Equipped with toilet and sink, wash area, 3 changerooms, office area and storage. Approx. 250m2 floor space.
Net lettable areas:
Retail, amenities and first floor office space 1,200 sqm (approx.)
Estimated rental income of $130,000 - $150,000 per annum through 2 retail tenancies.
Council rates: $12,944 per annum (approx.)
Water and sewerage rates: $2,915.85 per annum + consumption (approx.)