10 Albertson RoadBarnawartha North VIC 3691
Property Details for 10 Albertson Rd, Barnawartha North
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
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
- 24 Dec 2021Sold for $10,626,800
- 24 Dec 2021Sold for $6,826,800
- 30 Sep 2021Listed for Sale Please contact agent
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0About 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 143.20% increase in median value. As at 31 October 2024:
- The median value for Houses in Barnawartha North is $1,112,920 while the median value for Units is $867,616.
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