595 Smollett Street Information Memorandum

595 SMOLLETT STREET ALBURY

Contents Executive Summary

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Highlights

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Building Specification

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Floor Plans

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Around The Area

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Agent Details

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Stean Nicholls acknowledges and pays respect to the Wiradjuri people, the traditional custodians of the lands and waters on which we stand, and pays respect to Elders, past and present. We recognise and value the cultural, spiritual customs and practices of all Indigenous Australians.

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Executive Summary 595 Smollett Street, Albury Stean Nicholls Commercial, in conjunction with Stanley + Martin, is delighted to present a rare standalone freehold opportunity through Expressions of Interest in one of Albury’s most sought-after and tightly held strips – Smollett Street.

This prime commercial property is situated in the highly coveted Albury CBD precinct, offering an outstanding growth opportunity for discerning investors. Its prominent location and robust asset fundamentals render it a highly desirable investment. Seize the opportunity to be at the forefront of this exciting transformation by investing in prime real estate today and positioning yourself ahead of the curve.

Kindly note the property will be sold as a going concern with a tenancy on month to month basis, allowing a transaction to occur without attracting GST It is imperative for the sale to be subject to this tenancy, ensuring the “going concern” exemption from GST. For additional information or to arrange an inspection, please contact Kristian Hopwood.

CONTACT AGENT

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Kristian Hopwood Commercial Manager T: (02) 6021 5233 M: 0473 888 821 E: kristian@steannicholls.com.au

Executive Summary Property Address

595 Smollett Street, Albury, NSW, 2640

Lot

Lot B DP: 154169

Total Site Area

535 sqm approx.

Total Building Area

204 sqm approx.

OUTGOINGS Council rates

$6,281.60 per annum (approx.)

Water and sewerage rates

$446.31 + consumption (approx.)

Zoning

MU1 Mixed Use Zone

Planning authority

Albury City Council

Sale Process Expressions of Interest closing Wednesday 15th November 2023 at 12.30pm.

Terms: 10% deposit, balance 60 days.

CONTACT AGENT

Kristian Hopwood Commercial Manager T: (02) 6021 5233 M: 0473 888 821 E: kristian@steannicholls.com.au

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Highlights Situated in one of Albury’s most bustling precincts, 595 Smollett Street enjoys a prime location just across from the Garden Medical Group and Albury Community Health. Perfectly suited for medical and allied health specialists seeking to relocate or establish their practices anew, this address offers unparalleled opportunities.

With its exceptional versatility and central CBD setting, this space can easily be transformed into a place for professional services to flourish. The thriving Albury community is set to benefit from the convenience and accessibility this location offers, making it an excellent choice for those looking to open doors to the community.

Significantly, Albury is positioned as one of the fastest-growing regional cities, anticipating a 27 percent surge in the twin city population over the next 15 years.

The ongoing transformation and development of the Albury CBD place 595 Smollett Street at the forefront of this dynamic period of change.

Transport • 2.9Km from Hume Highway On/Off ramp • 5kms from Albury Airport • In the heart of the Albury CBD • 320kms from Melbourne CBD • 520kms from Sydney CBD • 1,402kms from Brisbane CBD • 870kms from Adelaide CBD 8

Building Stats • Commercial lettable area of 204sqm approx.

• Generous 535sqm of land approx.

• Evaporative air-conditioning, gas heating plus split-system and security alarm • Large rear yard for parking plus disabled access • Brilliant refurbishment fusing old & new • Suited to a number of businesses including day spa, hair and beauty, medical or professional services industry (STCA)

REGION STATS • Albury $9.2B in gross regional revenue output • Albury/Wodonga population 99,219 • Albury is one of the fastest growing regional cities in NSW, the city’s population is projected to increase by 27 per cent over the next 15 years • Health Care & Social Assistance represents 21% of the total employment of Albury

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Building Specifications An impeccably established property boasting top-tier features, this rare gem is nestled in a highly coveted locale.

Meticulously renovated to embrace the contemporary era, it has been transformed into a versatile office space with multiple zones to accommodate future growth.

Beyond the elegant facade lies a modern interior with soaring ceilings, intricate cornicing, and a captivating feature ceiling rose. The layout is designed for single-use operation, featuring an expansive and welcoming reception area at the forefront. A north-facing waiting room bathes in sunlight throughout the day, complemented by three spacious offices and ample storage.

Equipped with all the conveniences of modern living and complemented by an undercover carport, this building ensures the well-being and comfort of its staff. Experience a seamless blend of sophistication and functionality in this exceptional property.

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STRUCTURE

CONVENIENCES & ACCESS

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Single level rendered red brick construction

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Boasts a Hamptons inspired façade

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Commercial lettable area of 204sqm approx.

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Rear lane access off Reserve Street

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Generous 535sqm of land approx.

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3 onsite undercover parking available

Ideal for medical, allied health or professional services

Floor Plan

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Around The Area Albury is a major regional city in New South Wales, located on the Hume Highway on the Northern side of the Murray River, while its twin sister Wodonga lays on the southern side of the Murray River in Victoria. Albury has an urban population of over 50,000 and a combined population of over 90,000 with Wodonga.

Located just 500 km to Sydney and 300 km to Melbourne, Albury is considered a major transport link between NSW and VIC, both road and railway. The region connects major freight corridors between Adelaide, Melbourne, Sydney and Brisbane. Businesses in the region can access freight air and/or sea ports at Canberra, Sydney, Wollongong and Melbourne. With 46 major projects underway, the Albury-Wodonga region is a growing, vibrant, and tranquil destination where locals and visitors can find time to stop, relax, unwind, and explore.

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The Albury City Council is underpinned by their Community Strategic Plan called Towards Albury 2050. Towards Albury 2050 provides a long-term approach and plan for the future of the community. The plan is structured under four strategic directions or themes – A Growing Sustainable Economy, An Enhanced Natural Environment, A Caring Community and A Leading Community. For more information, you can visit https://www.alburycity.nsw.gov.au/council/future-planning/ albury-2050 The City of Albury, located in Wiradjuri country, has a bustling economy, world-class medical and health services, a vibrant cultural and artistic scene, sporting facilities to rival those of the capital cities. Albury has a cosmopolitan feel that reflects a unique multicultural heritage.

2.9kms Hume Highway

5kms Albury Airport

In the heart of Albury CBD

6kms Wodonga CBD

520kms Sydney

320kms Melbourne

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Agent Details Kristian Hopwood Commercial Manager T: (02) 6021 5233 M: 0473 888 821 E: kristian@steannicholls.com.au

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steannicholls.com.au 02 6021 5233 Suite 1, Unit 19, 669 Dean Street, Albury

Disclaimer The information contained in this information memorandum has been prepared in good faith and due care by the Vendor and Stean Nicholls. Any projections contained in the information memorandum therefore, represent best estimates only and may be based on assumptions.

The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquiries to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.

The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document.

Specifically, we make the following disclosure: All areas, measurements, boundaries, building outgoings and rents are approximate only and subject to final confirmation; The information contained in this document is provided as a guide and an aid to further investigation by potential purchasers. Prospective purchasers should seek legal, financial and other appropriate expert advice in order the verify the accuracy of the information presented in this document.

GST Disclaimer Stean Nicholls advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.