100% Occupied Retail Complex – Gateway 3,747sqm Retail Corner
7 Thomas Mitchell Drive , Wodonga VIC
Property Highlights
Strong occupancy history
Favourable rent reviews
Yield expectation 7% +
Description
Landmark 3,747sqm* corner site across 3 titles with huge dual retail frontage.
‘Southside Terrace’ fully occupied 2,545sqm* retail complex.
73% of income derived from daily needs tenants.
Landlord favourable annual rent reviews.
Tightly held investment, same ownership group for 35+ years.
Potential for future subdivision and on-sale (STCA).
Situated in heart of Wodonga CBD nearby Coles, K-Mart, Woolworths & Wodonga Library.
Albury/Wodonga: twin cities with booming 100,435 population.
Net Income: $402,200pa + GST.
For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Office
Land Size
3,747 SQM
Building Area
2,545 SQM