78-82 Lockyer Avenue, Centennial Park WA 6330

This substantial parcel of commercial real estate near central Albany presents a potentially gilt-edged investment opportunity with the prospect of solid returns well into the future.
The 1029sqm brick and iron building occupies 2474sqm of land in a prime corner position close to two major supermarkets and enjoys excellent exposure in a high-traffic zone near the CBD.
It is divided into four separate business premises, each tailored for its individual purpose and with a long-term lease.
Alta-1 is an educational facility, completely modernised with a high-quality fitout within the past two years. This 320sqm space contains several counselling rooms and offices, meeting rooms, a boardroom, an activity area and a reception as well as a staff kitchen and toilets.
The Australian Red Cross Society op shop next door takes up 202sqm consisting of a big retail showroom with a shop frontage, a stock preparation room with staff kitchen facilities, toilets and an office.
Next door is the Bendigo Bank. The 200sqm floor area has been refurbished to the bank’s exacting standards within the past two years and consists of a reception and customer area, a consultation room, three offices, a staff kitchen and toilets, a store room and a high-security area.
Finally, the Telstra Shop is fitted out and maintained to an appropriate standard of corporate branding for the national information technology and communications company.
At the front of Telstra’s 307sqm footprint is a busy, bright showroom and retail space with customer service booths. Beyond this is an air-conditioned, open administration area with a staff kitchen, a boardroom or meeting room, storage space, and a corridor to toilets shared with the Red Cross.
Each tenant in the complex has designated client parking spaces.
Zoned Regional Centre, the property currently returns $194,726 pa – at $189 a sqm – with annual rent reviews.
The prominent position, spacious facilities, excellent condition, and quality of established tenants combine to deliver an exciting proposition for a judicious investor.

What you need to know:
– Commercial real estate investment
– Prominent position, excellent exposure, high-traffic area
– Next to Woolworths, near Coles supermarket
– 1029sqm brick building, presented to high standard, quality facilities
– Tenanted by four separate, high-profile, national businesses
– Returns $194,726pa, annual rent reviews
– Ample parking in designated spots
– Zoned Regional Centre
– Land area 2474sqm, corner site
– Council rates $18,326.35
– Water rates $2,379.24