Property Details for 601 Olive St, Albury
601 Olive St, Albury is a 0 bedroom, 0 bathroom House.
Last Listing description (September 2021)
QUALITY COMMERCIAL INVESTMENT
L.J Colquhoun Dixon Commercial Real Estate is pleased to be able to offer for sale at Auction this outstanding central Albury commercial investment.
The property is situated two blocks north of Dean Street and is sited in close proximity to a major council car park.
Erected on the site is an office block, which in its former life, was occupied by the ABC radio station.
It is now split into two (2) tenancies comprising a gross building area of approximately 462 square metres.
The site comprises an area of approximately 1,233 square metres and has a frontage to Wilson Street of 40.61 metres and a frontage to Olive Street of 30.48 metres.
The net income from the two tenants is currently $110,000 per annum plus GST and both tenants pay all outgoings.
The building has had a solid tenancy history and offers quality office accommodation at an affordable level.
The site also has long term residential development opportunities and the offering of 601 Olive Street represents an outstanding opportunity to purchase quality real estate in central Albury.
Terms: 10% deposit, balance 60 days.
Property History for 601 Olive St, Albury, NSW 2640
- 17 Sep 2021Sold - Price Undisclosed
- 30 Jul 2021Listed for Sale Contact Agent
- 20 Aug 2019Listed for Rent $50,000 pa plus GST and outgoings
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About Albury 2640
The size of Albury is approximately 5.7 square kilometres. There are 17 parks, covering nearly 30.8% of the total area. The population of Albury in 2016 was 4804 people. By 2021 the population was 4955 showing a population growth of 3.1% in the area during that time. The predominant age group in Albury is 60-69 years. Households in Albury are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albury work in a professional occupation.In 2021, 58.50% of the homes in Albury were owner-occupied compared with 59.10% in 2016.
Albury has 4,077 properties. Over the last 5 years, Houses in Albury have seen a 53.95% increase in median value, while Units have seen a 31.14% increase. As at 30 June 2026:
- The median value for Houses in Albury is $831,040 while the median value for Units is $456,390.
- Houses have a median rent of $558 while Units have a median rent of $450.
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