INVEST IN HISTORIC COTTAGE

49 Collie Street
ALBANY, WA 6330

$495,000
UNDER CONTRACT
Land Size: 908.0 m²

Agent

Carly Szczecinski

Carly Szczecinski
Phone: 0415352292
Mobile:

Email: carly@merrifield.com.au

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Property investors or professionals looking for a character property from which to operate will want to look closely at this charming Victorian cottage within the CBD.

Built in the 1870s as a residence for the Moir family, Gilbert’s Cottage at 49 Collie Street is recorded on the City of Albany Municipal Heritage Inventory.

The current zoning is Regional Centre Mixed Use which allows many different uses at the property. The density is R30/40 which allows for the opportunity of development at the rear. The side driveway has been realigned to ensure the side is ample width for further development. A rear development could consist of further commercial uses, child care or even medical.

Its three consulting rooms are currently individually leased for paramedical businesses, each room realising approximately $550 per month.

This individual-leasing arrangement reduces the risk of vacant rooms for the owner, while being an attractive, affordable proposition for tenants. It could, however, be leased to one tenant or used by the owner for similar purposes.

Built of solid rendered brick with a Colorbond roof, the cottage displays typical architecture of its era, such as the symmetrical facade with a central front door and a window on either side.
Timber sash windows, well-proportioned rooms and high ceilings characterise this building, which has been well preserved and maintained.

Inside, a big, carpeted reception area fitted with a desk serves for all three tenant practices. Of these three sizeable consulting rooms, one has a double sink, and all three share two lockable toilets reached via the sheltered back porch.

A driveway at the side of the cottage provides off-road parking and leads through to an expanse of lawn at the rear of the 908sqm block.

This versatile character cottage provides an opportunity to invest is a rare piece of historic Albany with commercial benefits.

What you need to know:
– 1870’s character cottage in Collie Street.
– 908 sqm block in CBD.
– Solid brick construction, Colorbond roof.
– Timber sash windows, high ceilings, generous rooms.
– Use as consulting rooms or professional practice.
– Three rooms currently leased independently.
– Large, carpeted reception area with desk.
– Two toilets
– Off-road parking
– Big lawn at rear.
– Ideal for investor or professionals for own operation.
– Three rooms each returning approximately $550 a month
– 2017/2018 Water Rates $1,592.59
– 2018/2019 City of Albany Rates $1,777.43

General Features

Property Type: Commercial
Land Size: 908.0 m²