4 Thomas Mitchell Drive,
Wodonga, VIC 3690
Shops & Retail • Development Sites & Land
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Map of 4 Thomas Mitchell Drive
CENTRAL WODONGA INVESTMENT WITH DEVELOPMENT UPSIDE
L.J Colquhoun Dixon Commercial Real Estate are pleased to offer for sale this superbly positioned freehold opportunity in Central Wodonga.
The offering presents an opportunity to invest in the short-term and then develop (STCA) in the long-term, comprising four (4) tenanted shopfronts on the ground level, with a tenanted 2-bedroom apartment on the first floor.
The total site area is approximately 625 square metres, with the net lettable area across the commercial tenancies comprising approximately 200 square metres; the breakdown is as follows:
Unit 1 – Dry Cleaners (approximately 45 sqm), 6-year lease expiring Feb 2023, Nil option, current rental $9,600 p/a, tenant pays 100% council rates and 20% water rates.
Unit 2 – Leather Workshop (approximately 50 sqm), 1-year lease expiring Aug 2023, with year x year options, current rental $11,440 p/a, Gross agreement.
Unit 3 – Hair and Beauty (approximately 55 sqm), 5-year lease expiring Nov 2026, Nil option, current rental $7,200 p/a, tenant pays 100% council rates and 25% water rates.
Unit 4 – Defence Supplies (approximately 50 sqm), 2-year lease expiring March 2024 with 2-year option, current rental $11,000 p/a, tenant pays 100% council rates and 20% water rates.
First Floor – 2 Bedroom/1 Bathroom unit, periodical month-to-month tenancy, current rental $12,480 p/a, Gross agreement.
The total Income is $51,720 per annum.
Terms: 10% deposit, balance 60 days.
For more information, please contact the agents below.
The offering presents an opportunity to invest in the short-term and then develop (STCA) in the long-term, comprising four (4) tenanted shopfronts on the ground level, with a tenanted 2-bedroom apartment on the first floor.
The total site area is approximately 625 square metres, with the net lettable area across the commercial tenancies comprising approximately 200 square metres; the breakdown is as follows:
Unit 1 – Dry Cleaners (approximately 45 sqm), 6-year lease expiring Feb 2023, Nil option, current rental $9,600 p/a, tenant pays 100% council rates and 20% water rates.
Unit 2 – Leather Workshop (approximately 50 sqm), 1-year lease expiring Aug 2023, with year x year options, current rental $11,440 p/a, Gross agreement.
Unit 3 – Hair and Beauty (approximately 55 sqm), 5-year lease expiring Nov 2026, Nil option, current rental $7,200 p/a, tenant pays 100% council rates and 25% water rates.
Unit 4 – Defence Supplies (approximately 50 sqm), 2-year lease expiring March 2024 with 2-year option, current rental $11,000 p/a, tenant pays 100% council rates and 20% water rates.
First Floor – 2 Bedroom/1 Bathroom unit, periodical month-to-month tenancy, current rental $12,480 p/a, Gross agreement.
The total Income is $51,720 per annum.
Terms: 10% deposit, balance 60 days.
For more information, please contact the agents below.
Wodonga, 3690 demographic data
The median household income for Wodonga is $1,364, 2% lower than Regional Victoria's household income of $1,386. Wodonga has a younger age profile compared to the rest of Regional Victoria (median age 39 vs 43). Property ownership data shows 49% of property owners in Wodonga have a mortgage.
20,259
Population
$1,364 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
Dixon Commercial Real Estate - Albury
576 Kiewa StreetALBURY, NSW 2640
4 Thomas Mitchell Drive
Wodonga, VIC 3690
Dixon Commercial Real Estate - Albury576 Kiewa Street
ALBURY, NSW 2640
ALBURY, NSW 2640
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Southside Terrace, 7 Thomas Mitchell Drive,Wodonga, VIC 3690 2545 m²Shops & Retail • Medical & Consulting • Warehouse, Factory & Industrial
