A sub-regional shopping centre on the NSW-Victoria border, home to the region’s only Myer department store and a “strong performing” Woolworths supermarket, is being offered for sale with price expectations of about $80 million.
Myer Centrepoint in Albury’s CBD generates approximately $136.6 million in annual retail sales and serves a trade area of more than 211,000 people across the Riverina and Murray regions.
Colliers’ agents Lachlan MacGillivray and James Wilson have been exclusively appointed to sell the 17,749sqm centre anchored by Myer and Woolworths. Its 50 tenancies also include national brands such as MECCA, Universal Store, Peter Alexander, Peter Jackson, Gazman, Lorna Jane, alongside other premium fashion retailers.
The centre’s retail mix has been strengthened by MECCA’s opening in July 2026, according to Colliers, introducing a premium brand more commonly found in larger metropolitan shopping centres. With the nearest other department store approximately 130km away, Colliers describes the centre as a key hub for discretionary shopping. This is complemented by a strong specialty mix of fresh food and essential services retailers.
The centre recorded approximately $136.6 million in moving annual turnover to August 2026 including GST and forecast sales for MECCA. Its specialty retailers generate average sales productivity in excess of $13,350 per square metre, over 30% above benchmark while average specialty occupancy costs sit at about 10%.
The centre first opened in 1980 with the original Myer development followed by the Centrepoint extension in 1985.
Located on the NSW-Victoria border, approximately 325km north-east of Melbourne and 550km south-west of Sydney, Myer Centrepoint occupies a prominent position within Albury’s primary retail, commercial, administrative and entertainment precinct. The centre also benefits from access to the Hume Freeway, rail services and Albury Airport.
The sale comes as Albury-Wodonga’s population and retail catchment are forecast to expand. The centre’s trade area is projected to grow from approximately 211,800 people in 2026 to more than 253,000 by 2046, supporting longer-term demand for retail services.
The property is being offered for sale through an expressions of interest campaign closing Thursday, 19 November 2026 at 2pm AEDT.
