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Sold on 27 Mar 2024 for $25,450,000

524 Smollett Street
Albury NSW 2640

Bedrooms: -
Bathrooms: -
Car spaces: 45
Land area: 3448m2
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Property Details for 524 Smollett St, Albury

Building Type
Commercial
Land Size
3448m2
Local Government
Albury City
Lot/Plan
10/DP1178339

Last Listing description (November 2023)

LJ Hooker Commercial Canberra and Savills Hotels invite potential purchasers the opportunity to participate in a closed tender sales process to secure the Mantra Albury Hotel at an asking price of $29,500,000. Final bids must be submitted by 11am AEST Friday 21 April 2023.

The Mantra Albury Hotel is offered for sale with a 15-year Hotel Management Agreement to Mantra Management Pty Ltd now part of the Accor Hotel Group who operate over 5,100 properties throughout 110 countries and who employ over 280,000 people world-wide.

The Mantra Albury Hotel was built to high standards and is a standout selection as the only 4.5star hotel in its market.
Key Features of this best-in-class hotel include:
* 146 Room Hotel over seven upper levels of accommodation
* Ground Floor reception and adjoining quality restaurant and bar
* Gymnasium & Business Lounge for exclusive use of guest
* Excellent mix of Studio, Deluxe Studio Executive Studio, Family Studio, and suites on offer
* Offers first-choice accommodation that caters to a wide variety of markets including Corporate,
Government, Weekend Leisure, Conference, Events and Group Business
* Prime location in the heart of Albury's CBD adjacent ATO Building, Volt Lane and 500space multi-storey
car park
* Excellent Function space suitable for Conferences, Weddings, Training, and events
* Perfect stop-over point between Sydney & Melbourne
* Significant Depreciation benefits are available

Contact the Exclusive Selling Agents to discuss this rare opportunity.

Property History for 524 Smollett St, Albury, NSW 2640

A timeline of how this property has performed in the market
Last Sold
$25,450,000
27 Mar 2024
  • 27 Mar 2024
    Sold for $25,450,000
  • 14 Jun 2022
    Listed for Sale ASKING PRICE: $29,500,000
  • 07 Jul 2020
    Listed for Sale Please contact agent
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About Albury 2640

The size of Albury is approximately 5.7 square kilometres. It has 17 parks covering nearly 30.8% of total area. The population of Albury in 2011 was 4,933 people. By 2016 the population was 4,795 showing a population decline of 2.8% 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 $1400 - $1799 per month on mortgage repayments. In general, people in Albury work in a professional occupation. In 2011, 57% of the homes in Albury were owner-occupied compared with 59.1% in 2016.

Albury has 4,029 properties.

    There are currently 20 properties listed for sale, and 11 properties listed for rent in Albury on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Albury.

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