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58 Serpentine Rd
Albany WA 6330
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Sold on 17 Sep 2020

58 Serpentine Rd Albany WA 6330

  • Offices
  • 527 m²
  • Sold

Commercial Investment - Albany CBD - Almost 9% Return

NEW PRICE!!

A substantial two storey building providing 527sqm of floor area on a prime 852sqm freehold title. Providing annual passing net income of around $93,000 when fully let - thats a return of around 9.0% Nett! This is an opportunity ideal for self-managed super funds or general investment in one of Australia's most beautiful regional cities.

Located just off York St (Albany's main street), the property offers convenient CBD space with easier street parking directly in front. 58 Serpentine Road is surrounded by well known businesses and government institutions.

The six tenancies are anchored by longstanding ground level occupants; namely O'Keefe's Paints and H&H Architects. There are 6 dedicated parking bays behind the building and 3 along the Western side.

The original building dates back to 1960 when it was a shop with dwelling at the rear. In 1975 a major extension saw an increase in space over two levels.

Key features:
* Building area - 527sqm
* Net lettable space - 522sqm
* 6 tenancies with 4 currently let
* Harbour views from some upper level offices
* Airconditioning to all offices
* Potential for 3rd storey - extension constructed with this in mind & detailed plans available
* Provision for lift, excellent access into building front and rear
* Recent improvements include re-roofing and new box gutters, new framing and glazing to H&H shopfront
* Combination of steel and concrete framework allows for modification of internal walls
* 9 dedicated parking bays

Now priced to sell at $1.05m as a Going Concern. Please contact Rob Mason for further information on 0411 615 806 or rob@masonrealty.com.au

Mason Realty
Mason Realty
11B, First Floor,
Albany, WA 6330

Property Highlights

Date Sold17 Sep 2020
Floor Area527 m²
Land Area852 m²
Energy0-star NABERS Energy rating
Parking9 x Onsite parkings
Property ID2014429892
Category
Last updated  2 Nov 2020
Map for 58 Serpentine Rd Albany WA 6330

Nearest transport* to 58 Serpentine Rd Albany WA 6330

Bus
St Emilie Wy Before Middleton Rd120 m
York St After Serpentine Rd138 m
York St After Grey St166 m
Lockyer Av Before Moir St195 m
Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
*Within a 4km radius
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Mason Realty
Mason Realty
11B, First Floor,
Albany, WA 6330

Property Highlights

Date Sold17 Sep 2020
Floor Area527 m²
Land Area852 m²
Energy0-star NABERS Energy rating
Parking9 x Onsite parkings
Property ID2014429892
Category
Last updated  2 Nov 2020

Listed by

Rob Mason
Rob Mason
Mason Realty
Call
0411 615 806

More about 58 Serpentine Rd Albany WA 6330

58 Serpentine Rd Albany WA 6330 is categorized as Office. It has a floor area of 527 m². There are 9 x onsite parkings.The listing ID for this property is 2014429892.

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