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
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Officeworks, 423 Smollett Street
Albury, NSW 2640
Map of Officeworks, 423 Smollett Street
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
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
External websites
Property ID: 503805026Last Updated: 14 Jul 2021
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Dixon Commercial Real Estate - Albury576 Kiewa Street
ALBURY, NSW 2640
ALBURY, NSW 2640
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
IGA, 545 Union Road,North Albury, NSW 2640 810 m²Shops & Retail • Showrooms & Large Format Retail • Medical & Consulting
Contact Agent
BP Service Station, 687 Drome Street,Albury, NSW 2640 126 m²Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
