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The Colonial Mutal Life Building 499 Dean St 215 - 5,748 SF of Space Available in Albury, NSW 2640
Highlights
- Landmark presence within the Dean Street Conservation Area, offering a heritage façade with distinctive architectural character.
- Multiple office suites available, designed to accommodate a range of professional and service-based businesses.
- Excellent accessibility with nearby public transport—bus stops within 150 meters and Albury railway station within easy walking distance.
- Prominent location on Dean Street, Albury’s primary commercial corridor, ensuring strong visibility and pedestrian traffic.
- Upgraded amenities including internal kitchenettes and modern connectivity with nbn® Fibre to the Node throughout the building.
- Surrounded by retail, dining, and financial institutions, creating a vibrant mixed-use environment for tenants and clients.
Space Availability (5)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 1 | 980 SF | Negotiable | $40.04 /SF/YR $3.34 /SF/MO $39,218 /YR $3,268 /MO | TBD | ||
| Ground, Ste 2 | 1,076 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| Ground, Ste 6 | 2,669 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 12 | 807 SF | Negotiable | $13.25 /SF/YR $1.10 /SF/MO $10,696 /YR $891.31 /MO | TBD | ||
| 1st Floor, Ste 7 | 215 SF | Negotiable | $29.81 /SF/YR $2.48 /SF/MO $6,417 /YR $534.79 /MO | TBD |
Ground, Ste 1
This ground-floor retail tenancy offers a prominent glazed frontage along Dean Street, ensuring maximum visibility in Albury’s busiest retail corridor. The open-plan layout provides flexibility for merchandising and display, making it suitable for a variety of retail categories. Immediate availability allows for quick occupancy and swift business setup.
- Fully Built-Out as Standard Retail Space
- Central Air Conditioning
- Recessed Lighting
- Hardwood Floors
Ground, Ste 2
Positioned within the same active retail strip, this tenancy features a versatile floor plate and full street exposure, ideal for retailers seeking strong presence and brand recognition. Scheduled to become available mid-2026, this space presents an option for future expansion or phased occupation strategies in a well-established commercial precinct.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Recessed Lighting
- Hardwood Floors
- Display Window
Ground, Ste 6
This landmark retail tenancy is positioned in the iconic CML Building at the high-profile corner of Dean and Kiewa Streets, in the heart of Albury’s CBD. Available for the first time in over six decades, the space offers exceptional exposure with a prominent 28-meter glazed shopfront. The tenancy is fully air-conditioned and will undergo partial refurbishment prior to handover, allowing for tenant input into final design finishes. Surrounded by national retailers and set within a bustling retail corridor, the property provides unmatched visibility and pedestrian traffic, making it a rare opportunity for businesses seeking a flagship location in a thriving regional center. With accessibility from major thoroughfares and close proximity to Albury’s dining, entertainment, and commercial precincts, this location blends convenience with prestige.
- Partially Built-Out as Standard Retail Space
- Central Air Conditioning
- Recessed Lighting
- Hardwood Floors
- Smoke Detector
1st Floor, Ste 12
Offering greater flexibility, this north-facing suite enjoys views along Albury’s vibrant Dean Street and features a functional design with two separate rooms. The layout is well-suited for organizations requiring a mix of private offices and collaborative space in one tenancy. Abundant natural light enhances the workspace atmosphere, while the property’s central location ensures quick access to local amenities, public transport, and professional services. Suite 12 is positioned to support professional, retail service, or consulting uses within the prominent CML Building in the CBD.
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 3 - 7 People
- Central Air Conditioning
1st Floor, Ste 7
This compact first-floor tenancy provides an efficient footprint ideal for start-ups or consultancy services seeking a central Albury address. The suite benefits from natural light and overlooks the building’s rear courtyard, creating a calm and practical work environment. A private kitchenette is included within the space, adding convenience for day-to-day operations. With its accessible layout and ready-to-occupy condition, Suite 7 presents an excellent option for businesses that value simplicity and functionality in a heritage building setting.
- Fully Built-Out as Standard Office
- Fits 1 - 2 People
- Central Air Conditioning
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 5,748 SF | Property Subtype | Storefront Retail/Office |
| Property Type | Retail | Gross Leasable Area | 32,572 SF |
| Total Space Available | 5,748 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 32,572 SF |
About the Property
499 Dean Street is in a heritage-listed property known as the Colonial Mutual Life Building within the Dean Street Conservation Area. The property accommodates multiple first-floor office suites overlooking Dean Street and internal courtyard areas. It is centrally located within the Albury CBD and benefits from nearby retail, hospitality businesses, and essential public transportation.
- Corner Lot
- Accent Lighting
- Air Conditioning
- Smoke Detector
Presented by
The Colonial Mutal Life Building | 499 Dean St
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