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403 Lake Albert Rd 3,929 SF 100% Leased Retail Building Kooringal, NSW 2650 $1,000,801 ($254.73/SF)
Investment Highlights
- Multi-tenanted retail investment with three established businesses providing diversified income.
- Recently refurbished premises featuring modern glass shopfronts and functional layouts.
- Prominent frontage along Lake Albert Road, one of Wagga Wagga’s busiest arterial routes.
Executive Summary
This multi-tenanted retail investment offers a secure income stream with three established tenants and a strong 7.8% net return. Positioned along Lake Albert Road, one of Wagga Wagga’s busiest arterial routes, the property benefits from exceptional exposure and prominent signage opportunities. The site is strategically located between two major suburbs, ensuring consistent traffic flow and visibility for the businesses operating within.
The property has been recently refurbished and is divided into three modern retail premises, each featuring glass shopfronts and functional layouts. Current tenants include a popular café and two beauty service operators, providing a diversified income base. Each tenancy offers front and rear access, with shared amenities and practical fit-outs tailored to their respective uses.
Additional features include rear lane access via Cobbola Street and four reserved car spaces for tenants, enhancing convenience and operational efficiency. With quality leases in place and a location that supports long-term tenant demand, this asset represents a compelling opportunity for investors seeking stable returns in a thriving regional market.
The property has been recently refurbished and is divided into three modern retail premises, each featuring glass shopfronts and functional layouts. Current tenants include a popular café and two beauty service operators, providing a diversified income base. Each tenancy offers front and rear access, with shared amenities and practical fit-outs tailored to their respective uses.
Additional features include rear lane access via Cobbola Street and four reserved car spaces for tenants, enhancing convenience and operational efficiency. With quality leases in place and a location that supports long-term tenant demand, this asset represents a compelling opportunity for investors seeking stable returns in a thriving regional market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,929 SF
Building Class
C
Price
$1,000,801
Price Per SF
$254.73
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.16 AC
Frontage
64’ on Lake Albert Road
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403 Lake Albert Rd
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