



Positioned on the Wagga Road strip between Albury's CBD and Lavington's retail heart, this substantial two level investment offers a combination that's hard to find in the current market, an income stream already in place, a generous 980sqm landholding, and genuine scope to add value.
Ground floor comprises four retail tenancies of 54sqm each. Three are leased, returning a combined net income of $42,838.32 per annum with every tenant covering their own outgoings, and one shop sits vacant and ready for its next operator. Upstairs, two 108sqm residential tenancies are vacant and in need of renovation, a straightforward path to a second income stream once refurbished, subject to council approval.
Beyond the building, the site's standout feature is its depth. At 980sqm, the block runs well past the retail strip to a substantial rear yard currently used for informal parking, a rare offering directly on Wagga Road and one that gives the next owner room to formalise parking, add storage, or explore further development, subject to council approval.
This is a property for the investor who can see past the surface, a well located position on Wagga Road with continuous exposure to passing trade, a rent roll already doing the work, and real room to grow it further.
Improvements and features:
• 980sqm landholding with a substantial rear yard, rare for the Wagga Road strip
• 432sqm of total building area across two levels
• Four ground floor retail tenancies of 54sqm each, three currently leased
• Two 108sqm first floor residential tenancies, vacant and offering a second
income stream once renovated, STCA
• Current net income of $42,838.32 per annum, with upside once vacancies are
addressed
• All outgoings paid by tenants
• Prominent Wagga Road exposure between Albury CBD and Lavington
Shopping Centre
• Walking distance to Lavington Shopping Centre (Big W), Jelbart Park and
Lavington 'Five Ways'.
• Easy access to the Hume Highway
Email enquiry to Stean Nicholls - Albury
Property ID: 505261484
Original Property ID: 505261484