Long Established Commonwealth Bank Branch

482 Dean Street, Albury NSW

Property Highlights

Renewed 3 year lease plus options

Fixed 3% increases assuring growth

$500k tenant refurbishment in 2015

Description

Renewed 3 year lease plus options through to 2027
Fixed 3% increases assuring growth
$500k tenant refurbishment in 2015
Commonwealth Bank of Australia – the largest ASX listed company with a market cap rate of $122 billion (November 2018)
Net lease with tenant paying all outgoings including Land Tax
High profile 490 sqm CBD site with 12m retail frontage, plus rear access
Impressive 856 sqm building over two levels – 100% occupied by CBA
Absolute premier CBD position amongst many national retailers on Dean Street and adjoins Centrepoint SC incl Woolworths, Myer etc
Albury/Wodonga: strategically located Murray River twin-cities, recognised together as one of Australia’s largest and progressive regional centres, servicing a population in excess of 170,000
Rent: $208,000 pa

Private Sale

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
490 SQM
Gross Building Area
856 SQM

Contact Agents

Beau Coulter

0413 839 898

Kieran Bourke

0417 418 007

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