A prominent and long-vacant block in central Wodonga has sold to a developer expected to replace it with a multi-level project comprising showrooms and offices.
The 2457 square metre Activity Centre zoned site at 171-175 Beechworth Road on the north west corner of Nilmar Avenue, and also on a roundabout connecting High, Hovell and Lawrence streets with Thomas Mitchell Drive, traded for $1.125 million.
Teska Carson’s George Takis said this part of town has “recently seen extraordinary gentrification and commercial development”.
It is also at the edge of a residential precinct.
With a population of close to 50,000 Wodonga is near the New South Wales border. Often classified with Albury – the towns, together, having more than 90,000 residents (story continues below).
“We had a very good level of enquiry despite COVID-19 restrictions from a broad range of buyers which also included owner occupiers and investors,” the executive said of 171-175 Beechworth Rd,” Mr Takis said.
Bottle shop BWS operates in a nearby corner site off the street which was once a petrol station.
Hungry Jacks and McDonalds trade from restaurants – both on roundabouts – about a kilometre south and south east respectively.