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36 Vine Street
Centennial Park WA 6330
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Sold on 30 Aug 2021

36 Vine Street Centennial Park WA 6330

  • Factory, Warehouse & Industrial
  • 12 m²
  • Sold, $455,000

INVEST IN CENTRAL STORAGE UNITS

This complex of 30 storage units presents an outstanding opportunity with potentially excellent returns for an astute investor.
It consists of three blocks of Colorbond-fronted units with roller doors on a block of 905sqm.
One row of back-to-back units has Zincalume internal walls and the third row has Zincalume with a brick rear wall.
They all range in size from 12-13sqm, and when fully occupied, return a combined gross rent of $4,500 a month, equaling a gross annual income of $54,000.
Located on the edge of Albany's central business district, the units can be reached from both Vine Street and Orchard Street and access is available 24 hours a day, seven days a week. Each has an alarm system.
The units are in excellent condition, so demand little in the way of maintenance and upkeep, making them a sound business proposition and ideal for expanding an investment portfolio.
Storage units are popular with businesses and individuals, storing an assortment of items from equipment and furniture to retail stock and archived documents.
They are an affordable way to stow rarely used items without sacrificing on easy, all-hours access and help to maximise office, warehouse and residential space.
Current demand for storage units is resulting in high occupancy rates, and the convenient location and access of these secure units boosts their appeal with clients.
This property provides the infrastructure for a potentially lucrative investment in a growing commodity. With low interest rates and limited commercial stock there is no time like the present to secure a commercial investment. The units are currently experiencing a record high level of occupancy, which gives great confidence of strong returns for your investment.
We also highly recommend speaking to your financial advisor about self-managed super as this may be an excellent opportunity. A project for a retiree is also another option for this versatile property.

What you need to know:
- Complex of 30 storage units in excellent condition
- Property is on 4 Titles
- Built 1997
- Block of 905sqm
- Convenient location on edge of CBD
- Full occupancy returns $4,500 a month, $54,000 annually
- Colorbond construction with roller doors some with brick rear walls
- Each unit is 12-13sqm
- Secure alarm systems
- Easy access from two roads
- Available 24 hours, 7 days
- Excellent condition and presentation
- Clients store equipment, furniture, excess retail stock, archived documents
- Currently in demand
- Potentially lucrative investment
- Council rates $3,239.70

Merrifield Real Estate
Merrifield Real Estate
258 York Street
Albany, WA 6330

Property Highlights

Date Sold30 Aug 2021
Sold Price$455,000
Floor Area12 m²
Land Area13 m²
ParkingAsk Agent
Property ID2017045828
Category
Last updated  28 Oct 2021
Map for 36 Vine Street Centennial Park WA 6330

Nearest transport* to 36 Vine Street Centennial Park WA 6330

Bus
Lockyer Av After Minna St240 m
Lockyer Av Before Cockburn Rd286 m
Middleton Rd After St Werburghs L327 m
Lockyer Av Before St Emile Wy404 m
Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
*Within a 4km radius
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Merrifield Real Estate
Merrifield Real Estate
258 York Street
Albany, WA 6330

Property Highlights

Date Sold30 Aug 2021
Sold Price$455,000
Floor Area12 m²
Land Area13 m²
ParkingAsk Agent
Property ID2017045828
Category
Last updated  28 Oct 2021

Listed by

Carly Szczecinski
Carly Szczecinski
Merrifield Real Estate
Call
0415 352 292

More about 36 Vine Street Centennial Park WA 6330

36 Vine Street Centennial Park WA 6330 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 12 m² and a land area of 13 m². The listing ID for this property is 2017045828.

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