The office spaces at 612 and 614 Dean Street include Albury MP Justin Clancy's workplace, which sits alongside DMG Advice.

A vacant office on the upper level of the building was also part of the purchase.

Auctioneer Andrew Dixon, of LJ Colquhoun Dixon Real Estate, placed a vendor bid of $1.4 million to start the auction, which was was followed by an offer of $1.425 million.

No further bids were taken and the property was passed in before it was purchased for $1.5 million after a short negotiation with the owners.

"It was a local buyer and I think it was a good result for buyer and seller," Mr Dixon said.

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"The market continues to perform well during this COVID period. Albury-Wodonga has been a great beneficiary of COVID with people leaving the big cities to live in regional centres.

"We've got a couple of vacancies in Dean Street and likewise in High Street in Wodonga, but there's hardly any industrial accommodation in Albury or Wodonga.

"In my 35 years in real estate in Albury-Wodonga, it's the first time we haven't had an industrial property for lease in Wodonga. That's a real measure of how well the region is performing."

It's the agency's second major sale in the space of seven days after it settled a $1.425 million deal with a Sydney buyer for the former O'Mallies Hotel site on High Street in Wodonga last week.

Meanwhile, five residential properties will be auctioned on the Border today. They include a three-bedroom home set on more than 1000 square metres on Wodonga's Barton Street.

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