The medical centre building belonging to the family of a highly respected doctor who died aged only 57 was passed in at auction on Friday.
Dr Brendan Pattison operated from the building at 348 Griffith Road up until his death in 2015.
Selling agents Stean Nicholls received one bid of $650,000 for the property before being passed in.
In addition to his medical work, Dr Pattison was an active member of the Sacred Heart Catholic Parish and St Anne's Primary School in North Albury.
The property boasts 265 square metres of floor space and presently consists of seven consulting rooms, waiting area, reception desk which are all presently unoccupied.
It also has 16 off-street car parking spaces and is located next door to the Hume Bank and opposite Lavington Square shopping centre, which sold in 2018 for $52 million.
The nearby North Albury shopping centre in Urana Road sold for $16.5 million two years ago.
IN OTHER NEWS
In other recent commercial property sales in the Lavington CBD area, the former home of Blacklocks Lavington and Spargo Motors at the Five Ways sold late last year as well as a next door former pizza shop business.
The two properties were purchased by the same party for an undisclosed sum with a major commercial development on the site touted in the future.
Agents L.J. Colquhoun Dixon sold both properties.
Meanwhile, the Caltex service station and Woolworth convenience store at 27-29 High Street in Wodonga sold at auction this week for $1.6 million.
Built in 2012, the property has a 15-year lease to 2027 plus options to 2047 with net annual income of $72,733.
The property was owned by a Myrtleford-based entity and the selling agent was Sydney-based Cushman & Wakefield.
Two properties in Albury will be part of the next portfolio auction to be conducted by agent Burgess Rawson at Melbourne's Crown Casino his month.
They are the Officeworks building in Smollett Street with a recently signed off six-year lease extension to 2027.
Also going under the hammer are 16 residential apartments on the one title in Cowper Street.
They will both be auctioned on May 12 with L.J. Colquhoun Dixon appointed conjunctional agents.
An announcement on the successful purchaser of the property could be made by mid-May.
Known as the Albury Convenience Centre it is being offered for sale by JLL Retail Investments on behalf of the owner, a syndicate managed by FINDEX.
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