OFF MARKET

10 Albertson Road
Barnawartha North VIC 3691

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 40213m2
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Property Details for 10 Albertson Rd, Barnawartha North

Building Type
Commercial
Land Size
40213m2
Local Government
Wodonga
Lot/Plan
PC368771

Last Listing description (March 2022)

Colliers Industrial Capital Markets, as exclusive selling agents, are pleased to offer for sale 10 Albertson Road, Barnawartha North, Victoria (The Wine Depot Distribution Centre), a long-term, secure sale & leaseback to Wine Depot, with significant development upside.

Underpinned by the security of ASX listed Digital Wine Ventures Limited (ASX: DW8), the offering benefits from the following captivating features:

Initial 10-year sale & lease back to strong national tenant covenant Wine Depot

Modern 2005 built distribution centre totaling 7,252m of high-quality improvements
Opportunity to expand the existing facility by 1,470m and construct an additional freestanding distribution centre of 9,300m upon the surplus land with lease pre-commitment from Wine Depot
Triple net lease structure providing a strong running yield
Net passing income of $660,000 p.a. with fixed 3.00% annual rent reviews
Substantial regular shaped 40,200m freehold land holding
Strategic location within Albury-Wodonga's major distribution and freight hub
Superb connectivity positioned nearby Australia's premium freight corridor the Hume Highway

The Wine Depot Distribution Centre is offered for sale via Expressions of Interest closing 4:00pm (AEDT) Friday, 29th October 2021.

Property History for 10 Albertson Rd, Barnawartha North, VIC 3691

A timeline of how this property has performed in the market
Last Sold
$10,626,800
24 Dec 2021
  • 24 Dec 2021
    Sold for $10,626,800
  • 24 Dec 2021
    Sold for $6,826,800
  • 30 Sep 2021
    Listed for Sale Please contact agent

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About Barnawartha North 3691

The size of Barnawartha North is approximately 65 square kilometres. The population of Barnawartha North in 2011 was 332 people. By 2016 the population was 159 showing a population decline of 52.1% in the area during that time. The predominant age group in Barnawartha North is 50-59 years. Households in Barnawartha North are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Barnawartha North work in a managers occupation. In 2011, 78.3% of the homes in Barnawartha North were owner-occupied compared with 88% in 2016..

Barnawartha North has 112 properties. Over the last 5 years, Houses in Barnawartha North have seen a 139.28% increase in median value. As at 30 September 2024:

  • The median value for Houses in Barnawartha North is $872,501 while the median value for Units is $875,876.
There are currently no properties listed for sale, and no properties listed for rent in Barnawartha north on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Barnawartha north.

Suburb Insights for Barnawartha North 3691

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.