32 Graham Street Centennial Park WA 6330

Expand your investment portfolio with this quality commercial property. The main building of 1,115sqm plus 180sqm mezzanine is complemented by an additional 360sqm of shed/workshop space, all sitting on approximately 3,705sqm of land in the centre of Albany with excellent access to the commercial precinct and main transport routes. Rent returns of $120,000 equate to a return of over 6.5% with leases locked in and risk split across three separate tenants.

The near new, high quality main building is steel framed, clad with Colorbond and with a brick frontage, is in excellent condition with minimal ongoing maintenance required. Currently operating with two separate businesses with a total of 788sqm of showroom/shop floor in addition to 285sqm of store and work area and 42sqm of crib and bathroom facilities. 180sqm of mezzanine provides additional storage area with additional potential uses for offices and other options. This is a massive building with a huge range of potential uses.

Additional shedding at the rear of the property comprises 360sqm in total and is currently leased to two different tenants.

The entire property is bituminized with good access for heavy vehicles, and easy access to Albany Highway and Chester Pass Rd.

Current leases are in place for varying terms with the main building just commencing a 3 year lease with additional three year option.

- Approximately 3,705sqm of land zoned 'Light Industry'
- Located in central industrial/commercial precinct

Main building
- Quality construction, Colorbond with imposing brick façade, steel frame. Constructed 2006
- 1,295sqm comprising 1,115sqm on ground floor and 180sqm mezzanine
- Ground floor area comprises 788sqm of showroom/shopfront, 285sqm storage/work area, 42sqm crib rooms and WC with crib room and bathroom on each side of building
- Leased at apx. $100,000pa for three years with 3 year option
- Reverse cycle air conditioning

Rear Sheds
- Total of 360sqm
- 3 phase power
- High doors to 4.2m, excellent vehicle access
- Leased approximately $21,000pa, periodic leases with long term tenants

Whether you are looking for a straight investment, somewhere to house your business and bring in income from the rest of the property, or looking for something to derive income from now, and move in to down the track, this property presents a rare opportunity. For your private inspection or more information please contact Blair Scott on 0459 024 026.