Rethink Investing

Industrial | 1 Osburn Street & 6 Michael Drive Wodonga 3690 VIC Australia

Key Information

Asset Class:	Industrial

Price:	$ 2400000
Net Yield:	7.33 %
Net Yield - including solar strategy:	%
Property Market Status:	On Market

Introduction

Located within Wodonga’s central industrial precinct, 1 Osburn Street & 6 Michael Drive offers an outstanding industrial investment opportunity. Positioned just 2 km from the Hume Freeway Interchange and close to Wodonga's CBD, the property benefits from exceptional accessibility and prominence. This dual-title property spans a combined 4,367 sqm with a net lettable area of 2,128 sqm across six tenancies. Currently generating a net adjusted income of $175,957 p.a., the asset delivers a 7.33% net yield and qualifies for a 50% stamp duty exemption, providing significant upfront savings for the purchaser.

Background Information

How old is the asset?

30-40 years

Vendor's reason for selling?

Cashing Out

Days property been on market?

Is this property strata titled?

Yes

Are the seller and tenant related parties?

How long has the current tenant been on site?

How long has the tenant been in business?

Months

Is this property in a flood zone?

Is this lease a leaseback arrangement?

Additional Information File

Location on Map

Wodonga: Victoria’s Thriving Border Hub of Growth and Opportunity

Wodonga is one of Victoria’s fastest-growing regional cities, strategically positioned on the border of Victoria and New South Wales. Together with its twin city of Albury, Wodonga forms a key regional hub with a combined population of over 100,000 residents, projected to grow by 24.2% by 2036. The region contributes significantly to the local economy, with a GRP of approximately $9.24 billion annually, driven by its robust manufacturing, healthcare, and logistics sectors. Wodonga serves as a vital link between Sydney and Melbourne, offering direct access to key transport corridors including the Hume Freeway, the Murray Valley Highway, and the national rail network. Located approximately 300 km northeast of Melbourne, 560 km southwest of Sydney, and 222 km southwest of Canberra, Wodonga’s strategic position supports both domestic and international logistics. This connectivity makes the city a hotspot for industrial and commercial investment. The area also benefits from significant government investment, with $130 million allocated to infrastructure and regional development, including upgrades to the nearby Albury Airport.

Additional Location Information File

Tenant Information

The tenant mix at 1 Osburn Street & 6 Michael Drive is a key strength, offering diversity and stability across its seven tenancies. The property is occupied by a range of businesses, including established operators like Kenneth James Little, Miss Amelie Gourmet, and Snelly’s Custom Fabrication, spanning industries such as engineering, gourmet food, and fabrication. Additionally, a prominent lease with Ooh! Media for billboard signage further diversifies the income stream. With a Weighted Average Lease Expiry of 2.86 years (ex-options) and 5.64 years (incl. options), the property offers medium- to long-term income stability. Having seven tenants provides consistent cash flow, mitigates vacancy risk, and ensures adaptability for future leasing opportunities, making this property an excellent choice for investors seeking security and long-term growth.

No items found.

Additional Tenant Information File

Financial Overview

Initial Term:

Security:

Security Info:

Current Income (gross): $188,755 p.a. Non recoverable Outgoings (estimates only): Property Management (5%): $9,438 Land Tax: $3,360 Adjusted Net Income: $188,755 - $9,438 - $3,360 = $175,957 p.a. Net Yield: $175,957 ÷ $2,400,000 × 100 = 7.33%

Additional Financial Information File

Special Conditions (if any)

Initial Term:

Security:

Security Info:

Rental Comparison

Address | Total size (NLA) | Rent $/sqm 1 Osburn Street & 6 Michael Drive, Wodonga | 2128sqm | $83/sqm 7 Osburn Street, Wodonga | 2318sqm | $83/sqm 61 Wigg Street, Wodonga | 1325sqm | $89/sqm 132 Fallon Street, North Albury | 1022sqm | $159/sqm 130 North Street, North Albury | 2813sqm | $91/sqm 862 Ramsden Drive, North Albury | 525sqm | 83/sqm

Offer To Purchase

Offer To Purchase:

2400000

Initial Deposit:

50000

Due Diligence:

days

Finance:

days

Settlement:

days

Download Write Up PDF

View Your Estimated Rental Yield

Disclaimer: The depreciation figures provided are based on specific circumstances and may not accurately reflect your current financial situation. These figures are intended for informational purposes only and should not be construed as financial or tax advice. Individual financial situations can vary widely, and the applicability of these figures to your personal circumstances may differ. It is strongly recommended that you consult with your usual taxation adviser or a qualified financial professional/accountant to verify this information and obtain personalised advice tailored to your specific financial situation. Neither the provider of this information nor any of its affiliates shall be held liable for any decisions made based on this information without proper consultation with a professional adviser.

Key Highlights

• Purchase Price: $2,400,000 • Income: $188,755 p.a. • Yield (gross) net: (7.86%) 7.33% • Net Rent: $83 / sqm • Purchase Rate (on NLA): $1,128 / sqm • Asset Class: Industrial • Market Status: On Market • Age of Asset: around 30-40 years • Unapproved Structures: Not that the agent is aware • Seller’s Reason for Selling: To free up cash • Seller & Tenant Relationship: Not related • Last Sold: 2017 for price $1,250,000 • Strata: Yes - 4 individual units + common property can be acquired in full <ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;font-weight:bold;">Location: Situated in Victoria’s fastest-growing regional city with easy access to major transport routes.</li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;">Dual Titles: The land is subdivided into 4 lots - Provides flexibility for investors to sell off lots individually</li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;">Building Features:</li></ul>100% Occupancy: Strong tenant mix, including Kenneth James Little, Miss Amelie Gourmet, and Snelly’s Custom Fabrication. <ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;">Outgoings: All regular outgoings apart from property management and land tax are covered by the tenants.</li></ul>(There is currently no building insurance in place - But it would be a recoverable outgoing as per the leases) <ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);">Zoning: IN1Z – Industrial 1 Zone under Wodonga Planning Scheme.</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Stamp Duty Saving: Eligible for a 50% stamp duty exemption, saving approximately $68,000 upfront.</li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;">WALE (Weighted Average Lease Expiry):</li></ul>Excluding Options: 2.86 years Including Options: 5.64 years

探索 RETHINK
GROUP 的网络

How old is the asset?

Vendor's reason for selling?

Days property been on market?

Is this property strata titled?

Are the seller and tenant related parties?

How long has the current tenant been on site?

How long has the tenant been in business?

Is this property in a flood zone?

Is this lease a leaseback arrangement?

Initial Term:

Security:

Security Info:

Initial Term:

Security:

Security Info:

Offer To Purchase:

Initial Deposit:

Due Diligence:

Finance:

Settlement:

订阅我们的新闻简报