38-40 High StreetWodonga VIC 3690
Property Details for 38-40 High St, Wodonga
Last Listing description (February 2024)
High 8.5% Yielding 3,811sqm* CBD Freehold Building
Burgess Rawson and Dixon Commercial Real Estate are pleased to offer to the market 38-40 High Street (corner Huon Street), Wodonga VIC for sale via Expressions of Interest as part of our Portfolio Campaign 165.
The property has the following key highlights:
+ Commanding 3,811sqm* two level freehold building incorporating lift.
+ Anchored by VIC Gov Dept of Education with recent $400k tenant funded fit-out upgrade.
+ 20 Immaculate corporate office suites on level 1 with reception, boardroom and kitchen.
+ Fixed 3% annual rent increases and annual CPI reviews.
+ Important 41 secure on-title car spaces including 16 undercover car spaces.
+ Significant 2,811sqm* corner site across two titles with huge 107 metre* combined street frontage.
+ High profile CBD position on busy High Street with 24,000 vehicles passing daily. **
+ Ultimate flexibility with future redevelopment/subdivision upside STCA.
+ Wodonga: robust economy with low vacancy rates and house prices up 40% since April 2021. ***
+ Potential 50% stamp duty saving.
+ Net Income: $595,486pa* + GST (as at 1 March 2024)
For Sale via Expressions of Interest
Closing 3:00pm (AEDT) Thursday 7 December 2023
*Approx
**GapMaps
******
Burgess Rawson Agents
Beau Coulter - 0413 839 898
Justin Kramersh - 0460 349 605
Sam Mercuri - 0413 830 709
Dixon Commercial Agents
Andrew Dixon - 0417 516 531
Oscar Dixon - 0408 212 299
Property History for 38-40 High St, Wodonga, VIC 3690
- 01 Nov 2023Listed for Sale Price on Request
- 19 Jul 2019Listed for Rent Price starting from $8,000 gross (Plus GST) pa
- 13 Nov 2014Listed for Rent $35,000 pa GST Outgoings pa
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About Wodonga 3690
The size of Wodonga is approximately 37.1 square kilometres. It has 36 parks covering nearly 9% of total area. The population of Wodonga in 2011 was 16,487 people. By 2016 the population was 18,932 showing a population growth of 14.8% in the area during that time. The predominant age group in Wodonga is 20-29 years. Households in Wodonga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wodonga work in a professional occupation. In 2011, 60.5% of the homes in Wodonga were owner-occupied compared with 58.4% in 2016.
Wodonga has 11,864 properties. Over the last 5 years, Houses in Wodonga have seen a 61.03% increase in median value, while Units have seen a 66.33% increase. As at 30 November 2024:
- The median value for Houses in Wodonga is $554,601 while the median value for Units is $352,512.
- Houses have a median rent of $480 while Units have a median rent of $370.
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