492 Dean Street,
Albury, NSW 2640

Shops & Retail

Key property information

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Map of 492 Dean Street

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SUPERB MAIN STREET FREEHOLD INVESTMENT

Dixon Commercial Real Estate are pleased to offer for sale 492 Dean Street, Albury via public auction on June 23 at 2.30pm on-site.

With a net lettable area of approximately 360 square metres over two (2) levels, the opportunity presents a freehold investment with two (2) quality and longstanding tenants.

The offering provides a rare opportunity to acquire a prominent retail investment in Albury's CBD, with a diversified tenant mix including a national apparel retailer (Just Jeans) and renowned hospitality operator (Level One Wine Bar).

Ground Level:
Tenant - Just Jeans Pty Ltd
Lease - Three (3) years commencing July 2022
Option - N/A
Rent - $61,746 per annum (plus GST and outgoings)

Level One:
Tenant - Level One Wine Bar Pty Ltd
Lease - Three (3) years commencing June 2021
Option - Three (3) years
Rent - $25,117.44 per annum (plus GST and outgoings)

Landlord is responsible for building insurance.

Terms: 10% deposit, balance 60 days.

For more information or to request a copy of the Information Memorandum, please contact the Sales Agents below.

Albury, 2640 demographic data

The median household income for Albury is $1,601, 12% higher than Regional New South Wales's household income of $1,434. Albury has an older age profile compared to the rest of Regional New South Wales (median age 45 vs 43). Property ownership data shows 37% of property owners in Albury have a mortgage.

4,955

Population

$1,601 per week

Median household income

45 years

Median age

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Most residents

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Most households