FOR SALE
Price Upon Application

403 Lake Albert Road
Wagga Wagga NSW 2650

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 365m2
Land area: 645m2
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Multi Tenanted Commercial Investment!

Raine & Horne Commercial is pleased to present a Multi Tenanted Commercial Investment opportunity to the Market.
403 Lake Albert Road comprises three retail premises, existing tenants in place include a popular Thai Restaurant & two Beauty services businesses.
Perfectly positioned between two major suburbs in Wagga Wagga, fronting one of Wagga Wagga's main arterial roads.
This strong commercial position provides excellent signage opportunities and amazing exposure to busy Lake Albert Road.
The property has been refurbished and is separated into three well sized retail premises all with modern glass retail frontages.
• Shop 1, being a largely open plan space with partitioned beauty rooms, kitchenette and shared bathroom amenities to the rear.
• Shop 2, enjoying a light and functional reception area with four consulting rooms including basins, plus shared bathroom amenities.
• Shop 3, features a large open plan area, currently used as a dine in restaurant with commercial kitchen and disabled bathroom to the rear.
The property enjoys rear lane access via Cobbola Street, providing four reserved car spaces for tenants. All tenancies have front & rear street access.
Presenting a secure investment opportunity with three strong leases in place to quality established tenants.

Property Details for 403 Lake Albert Rd, Wagga Wagga

Building Type
Commercial
Floor Size
365m2
Land Size
645m2

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About Wagga Wagga 2650

The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.

Wagga Wagga has 6,071 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 64.07% increase in median value, while Units have seen a 56.42% increase. As at 30 September 2024:

  • The median value for Houses in Wagga Wagga is $562,557 while the median value for Units is $348,780.
  • Houses have a median rent of $490 while Units have a median rent of $380.
There are currently 67 properties listed for sale, and 57 properties listed for rent in Wagga wagga on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Wagga wagga.

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Craig Tait
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