Dixon Commercial Real Estate are pleased to offer for sale 178 High Street, Wodonga via public auction on Friday 11 October at 2.30pm on-site.
Superbly positioned in the heart of Wodonga's CBD, this iconic property is located on the corner of Sesame Lane and High Street and comprises a total site area of approximately 504 square metres.
Neighbouring national retail occupiers including Chemist Warehouse, Dan Murphy's, NAB, Hello World Travel and more, the property presents a core CBD retail investment comprising various different tenants with huge value-add scope.
Improvements of the property include:
- Ground Level: Three (3) separate retail and office tenancies, with one Shop 1 comprising 258 square metres currently vacant.
- First Floor: Ten (10) separate office suites, mostly vacant but some leased on varying tenures.
- First Floor: Existing residential flat currently leased to an office occupier.
Other key highlights of the opportunity include:
- Commanding 504 square metre corner site in the tightly held retail and commercial hub of Wodonga.
- Approximately 564 square metres of lettable commercial space over the Ground Floor and First Level.
- Ample parking with council car park adjoining property.
- Opportunity to improve first floor office suites for higher occupancy.
- Opportunity to convert the first floor to residential providing Wodonga CBD 'shop top' living (STCA).
- Huge potential for value-add and income growth.
The offering presents an opportunity for buyers to invest in the short to medium-term, with future development potential (STCA) and continued value-add opportunity of an iconic Wodonga property.
To request an IM with the tenancy schedule or to arrange an inspection, please contact the agents below.
Terms: 10% deposit, balance 60 days.