SOLD
Sold on 17 Jun 2024 for $5,300,000

342 Urana Road
Lavington NSW 2641

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1638m2
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Property Details for 342 Urana Rd, Lavington

Building Type
Commercial
Land Size
1638m2
Local Government
Albury City
Lot/Plan
1/DP504812

Last Listing description (November 2023)

Burgess Rawson is pleased to offer to the market 7-Eleven Lavington NSW for sale via our Investment Portfolio Auction 165.

The property has the following investment highlights:

+ Brand new 12 year lease to 2035 + options to 2055

+ 7-Eleven: Australia's #1 convenience retailer with over 720 stores and accounting for approximately 38% market share
+ Compounding fixed 3% annual rent reviews ensuring long term rental growth
+ Tenant responsible for all usual outgoings as per the lease
+ Brand new 2023 construction offering maximum depreciation benefits
+ Purpose built 7-Eleven with latest specification design
+ Strategic 1,638 sqm* corner landholding serving as a gateway to Woolworths anchored Lavington Square Mall & Coles Supermarket
+ Ideal CBD position on Urana Road close to Wagga Road - Lavington's main commercial thoroughfare
+ Lavington: largest suburb of Albury which is the second largest inland city in NSW with a population set to soar 30% by 2036*
+ Net Income: $320,000 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 5 December 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx.

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Property History for 342 Urana Rd, Lavington, NSW 2641

A timeline of how this property has performed in the market
Last Sold
$5,300,000
17 Jun 2024
  • 17 Jun 2024
    Sold for $5,300,000
  • 08 Nov 2023
    Listed for Sale Contact Agent
  • 16 Feb 2023
    Sold
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About Lavington 2641

The size of Lavington is approximately 14.8 square kilometres. It has 11 parks covering nearly 3.2% of total area. The population of Lavington in 2011 was 12,031 people. By 2016 the population was 12,493 showing a population growth of 3.8% in the area during that time. The predominant age group in Lavington is 20-29 years. Households in Lavington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lavington work in a trades occupation. In 2011, 60.8% of the homes in Lavington were owner-occupied compared with 58.1% in 2016.

Lavington has 7,848 properties. Over the last 5 years, Houses in Lavington have seen a 84.81% increase in median value, while Units have seen a 64.73% increase. As at 30 September 2024:

  • The median value for Houses in Lavington is $437,846 while the median value for Units is $319,175.
  • Houses have a median rent of $460 while Units have a median rent of $340.
There are currently 51 properties listed for sale, and 17 properties listed for rent in Lavington on OnTheHouse. According to CoreLogic's data, 356 properties were sold in the past 12 months in Lavington.

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