With real estate in central Albany at a premium, this one-off opportunity with diverse potential is sure to attract keen interest from investors and developers.
A substantial parcel of vacant land in Aberdeen Street, it is within the central business district and zoned Regional Centre.
This is a versatile development block of 1226sqm. It is level, sealed, fenced and with water connected.
It presents a wide scope of options which would expect to generate either an initial excellent return or an ongoing income, such as from construction of commercial premises, an inner-city residence or for mixed use such as a work-live development up to three storeys high.
With all the amenities of the CBD on the doorstep, a high volume of passing traffic and a central city address, this is a prime location for trading or executive living.
The property is currently leased by a neighbouring motor vehicle dealer under a periodic tenancy for $26,208 per annum, plus GST. The tenants also pay the water rates, and the City of Albany rates are currently $2964.06 per annum.
Talk to Carly Szczecinski of Merrifield Real Estate about the many possibilities this exceptional site offers.
What you need to know:
- 1226sqm vacant block in CBD
- Zoned Regional Centre
- Level, sealed, fenced
- Water connected
- Suitable for development of commercial or residential premises
- Potential for excellent returns on development or ongoing income
- Prime site with diverse possibilities
- Amenities of CBD nearby
- Currently leased under periodic tenancy for $26,208pa
- City of Albany rates $2964.06pa
- Water rates $1,832.88pa
