A prime Investment and Development opportunity is available to register an Expression of Interest in the regional City of Wodonga Victoria 3690.
Located on High Street, Wodonga nearby to the developing Junction place precinct is this exceptional site of approximately 2,731m2 , fronting High Street and featuring rear lane access from Pressnell Lane.
Building footprint area of approx. 696m2, consisting of 2 levels ground retail space (696m2) and basement warehouse space (540m2). Leased to Society of St Vincent de Paul (VIC) on a 5 year lease ending 31st March 2026 with three additional 5 year options.
The property is on two titles fronting High Street. At the rear with access off Pressnell Lane is an area of approximately 1,060m2 for future development STCA, currently occupied by a small cottage and storage shed of approx. 110m2, a right of access created under the lease for the High Street tenancy runs through this area to service the basement and parking areas for the Society of St Vincent de Paul tenancy.
Investment Highlights
- Secure net lease 5 years + 3 x 5 year options, current income $133,293.36pa + Outgoings (excluding Building Insurance) + GST
- Additional development opportunity at rear of site, current potential income $23,000.00pa
- Regional growth center
- Prominent main street location
- Two street frontage
- Excellent property visibility
- Robust demographic area
- Solid national tenant
- Total site area 2,731m ( Lot 1 593m and Lot 2 = 2,138m )
The size of Wodonga is approximately 37.1 square kilometres. It has 36 parks covering nearly 9.0% of total area. The population of Wodonga in 2016 was 18948 people. By 2021 the population was 20259 showing a population growth of 6.9% in the area during that time. The predominant age group in Wodonga is 30-39 years. Households in Wodonga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wodonga work in a professional occupation.In 2021, 59.90% of the homes in Wodonga were owner-occupied compared with 58.40% in 2016.
Wodonga has 12,065 properties. Over the last 5 years, Houses in Wodonga have seen a 65.80% increase in median value, while Units have seen a 78.16% increase. As at 30 April 2026:
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