THE former Rivers store in Lavington has been sold in a $2 million plus deal.
The prominent property on the corner of Wagga and Kaylock roads has been vacant since for an extended period and had been available for lease.
But the Melbourne-based owners had decided to sell in recent times with a syndicate of local owners swooping on the property.
L.J. Colquhoun Dixon's Andrew Dixon confirmed the sale which took place this week.
"It is a pretty significant site," he said.
"It is a big building of 1300 square metres in size.
"When Rivers were there it was one of their flagship operations.
"It was a very profitable store with a big turnover.
"It had been available for lease before the owners decided to sell."
Rivers moved out of the building they redeveloped in the early 2000s and moved into Lavington Square shopping centre.
The retailer, which had its origins at Ballarat, also has a presence in Wodonga Plaza.
In a confidential session, councillors agreed to authorise chief executive Frank Zaknich to "finalise negotiations and arrangements in relation to the Deeds of Call Option" connected to the deal.
Councillors will receive a further report within six months to determine next steps with the final use of the site to be up to the incoming council.
Albury Council is headed for a refresh with mayor Kevin Mack, deputy mayor Amanda Cohn and councillors John Stuchbery and Graham Docksey officially bowing out.
A tourist park has been high on the agenda of Cr Murray King, who has not revealed his ticket for the election pushed back to December 4 as a result of the COVID-19 outbreak in Sydney.
Meanwhile, five auctions are being conducted in Albury on Saturday
Agents Stean Nicholls have homes for sale in Hovell Street, South Albury, Alexandra Street and East Albury, Percy Street East Albury. and a development opportunity in a mixed use zone in Hume Street, South Albury will also go under the hammer.
Stone Real Estate will also auction a five bedroom home in Grandview Terrace, Albury.
Stean Nicholls will also auction the Mr Stoves Pool World property in Mate Street on August 13.
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