Burgess Rawson in conjunction with Dixon Commercial Real Estate are delighted to present the Norris Park IGA supermarket at 545 Union Road, North Albury NSW for sale via Investment Portfolio Auction 173.

+ Renewed 5 year lease plus options through to 2048
+ Annual CPI rent reviews
+ Tenant pays all usual outgoings including insurance & land tax
+ Modern 810sqm* supermarket, established 1990, extended 2007 with usual departments including liquor & fuel
+ 2,680sqm* freehold site with 106 metre* dual street frontage
+ Important 24 on-title car spaces
+ Union Road, major east-west link connecting Albury northern suburbs with the Hume Hwy
+ Albury/Wodonga: current trade catchment circa 100,000, with population forecast to soar by 24% to more than 120,000 by 2036
+ Net Income: $164,713 pa* + GST

For Sale via Portfolio Auction Investment 173
10.30am (AEDT) on Tuesday 10th December 2024
Yallamundi Room, Sydney Opera House

Burgess Rawson
Raoul Holderhead | 0413 860 304
Geoff Sinclair | 0451 462 759
Beau Coulter | 0413 839 898

Dixon Commercial Real Estate
Oscar Dixon | 0408 212 299
Andrew Dixon | 0417 516 531