Fringe CBD Land

For Sale by Expression of Interest

A rare opportunity to secure a large allotment of land on the fringe of the Albury CBD. Approximately 1,404 square metres and zoned R1 General Residential. The site currently comprises a concrete driveway, leading to a large shed. The shed offers four bays, an office area and amenities. There is an old wash bay and two under vehicle pits and a trade waste outlet (triple interceptor pit). The site was previously used as a bus depot.

- Three phase power (60 amps per phase) which has been disconnected. Service fuses have been taken out but can be reconnected.
- Connections to the block are to be reestablished for gas and phone.
- Two water metres service the block but are currently switched off at the mains.
- Whilst the site is zoned General Residential, there is a current business use approval over the property and hence the council rates are commercially levied.
- A prospective purchaser would need to lodge a Development Application to Albury City Council to ensure the property meets Council's requirements to revert back to residential rates.
- Possibility to subdivide into two blocks (subject to surveyors assessment and Council approval).
- (Potentially) two sewer points as per plan provided in Information Memorandum.

PLEASE NOTE: The property will be sold as-is.

* The property is contaminated with asbestos in the shed and three underground tanks. Quotes have been obtained for removal and decontamination and such costs are disclosed to prospective purchasers in the Information Memorandum.

Council Rates: $5,575.74 per annum
Water Rates: $852.45 plus consumption per metre (two metres)

For more information or a copy of the Information Memorandum containing the contract of sale, asbestos and demolition removal quotes, please contact Kate Stevens on 0438 254 334 or email [email protected]