74-76 High Street Wodonga VIC 3690

A prime Investment and Development opportunity is available to register an Expression of Interest in the regional City of Wodonga Victoria 3690.
Located on High Street, Wodonga nearby to the developing Junction place precinct is this exceptional site of approximately 2,731m2 , fronting High Street and featuring rear lane access from Pressnell Lane.

Building footprint area of approx. 696m2, consisting of 2 levels ground retail space (696m2) and basement warehouse space (540m2). Leased to Society of St Vincent de Paul (VIC) on a 5 year lease ending 31st March 2026 with three additional 5 year options.

The property is on two titles fronting High Street. At the rear with access off Pressnell Lane is an area of approximately 1,060m2 for future development STCA, currently occupied by a small cottage and storage shed of approx. 110m2, a right of access created under the lease for the High Street tenancy runs through this area to service the basement and parking areas for the Society of St Vincent de Paul tenancy.

Investment Highlights
- Secure net lease 5 years + 3 x 5 year options, current income $133,293.36pa + Outgoings (excluding Building Insurance) + GST
- Additional development opportunity at rear of site, current potential income $23,000.00pa
- Regional growth center
- Prominent main street location
- Two street frontage
- Excellent property visibility
- Robust demographic area
- Solid national tenant
- Total site area 2,731m² ( Lot 1 593m² and Lot 2 = 2,138m² )