Share this property

realcommercial.com.au
Burgess Rawson - Melbourne

Officeworks, 423 Smollett Street Albury, NSW 2640

Directions

Officeworks, 423 Smollett Street,
Albury, NSW 2640

Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Burgess Rawson - Melbourne
Beau Coulter
Jamie Perlinger

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Officeworks, 423 Smollett Street
Albury, NSW 2640

Map of Officeworks, 423 Smollett Street

Directions

Freestanding Officeworks Investment, Brand New Lease

  • Blue-chip essential service investment
  • Officeworks wholly owned by Wesfarmers
  • Brand new 6 year lease plus options
Renewed lease to Officeworks until January 2027 plus options.
Blue-chip tenant, wholly owned subsidiary of $62 billion Wesfarmers Ltd (WES: ASX).
Officeworks is a market leading essential service retailer and major beneficiary from the work-from-home shift, recently reporting a 23.6% increase in half year sales revenue*.
Significant depreciation benefits, with 58.2% of first year's rent potentially tax free.**
Attractive net lease terms with the tenant responsible for rates, insurance and land tax
Strategic CBD gateway corner location surrounded by The Good Guys, Dan Murphy’s, KFC, First Choice Liquor, Mercedes Benz and Albury Station, all within 300 metres.
Long established 4,924 sqm site with over 95 metre frontage to Riverina Highway, occupied by Officeworks since 1999.
The twin cities of Albury/Wodonga have a booming population of 100,435, with 7,673 businesses supporting 51,747 jobs***.
Housing demand in Albury (monthly views per property) is up 290% since March 2020 and the median unit price has increased 25.5% in the last 5 months****.
Estimated Net Rent: $525,000 pa

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

*Wesfarmers
**Napier & Blakeley
***.id
****realestate.com.au

Additional information

Property ID: 503805026Last Updated: 14 Jul 2021

Make an enquiry

What's your enquiry about?

Enter your details

More properties from Burgess Rawson - Melbourne

Other properties you might be interested in based on the location and property type you are looking at.