520 Smollett Street is located in the heart of Albury CBD with frontage to Smollett Street as well as Amp and Volt Lanes. The property is centrally located within Albury’s retail precinct with Target, Coles and Kmart having presences in surrounding shopping facilities. Albury is strategically located between Sydney, Canberra and Melbourne on the Hume Highway.

This property is a state of the art, A Grade, seven storey commercial building in the heart of Albury CBD. This energy efficient building offers 10,786sq m NLA situated upon a 1,989sq m site and is due for completion in October 2012.
10,332sq m has been leased to the Commonwealth of Australia (ATO) for a term of 15 years and represents 95% of the total lettable area. The balance of the building incorporates retail tenancies enhancing the amenity of the precinct.

• 15 year lease on 10,332sq m to the Commonwealth of Australia (ATO)
• The building is designed to achieve a 4.5-star NABERS Energy rating and 5-star Green Star
• Located in the heart of the Albury CBD
• 10,786sq m NLA on a site of 1,989sq m
• 56 basement car spaces (25 Leased to ATO) and 82 Bicycle Spaces
• Secure long term cash flow in strong regional centre
• Estimated net income $4,152,000 pa
• Due for completion in October 2012

For Sale by Expressions of Interest closing Friday 3 August 2012 at 4pm at the offices of Colliers International, 21-23 Marcus Clarke Street, Canberra City.