FOR SALE
Sale Price Unavailable

17 Albert Street
Busselton WA 6280

Bedrooms: -
Bathrooms: -
Car spaces: 22
Land area: 1237m2
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PRIME POSITIONED FULLY LEASED INVESTMENT PROPERTY

Very well located 1,237m2
landholding situated with exposure to massive passing traffic on a major arterial road.
* Located in a prime position opposite national franchise retailers of McDonalds, Hungry Jacks and 100m to major retail centre with Coles.
* Character building built in c1899 and maintained to a good standard with three tenancy areas.
Character ornate ceilings, arched door ways, polished timber floors provide a standard of commercial accommodation that is not commonly available in today's market.
* Existing income of $101,974 per annum net from long-standing tenants with all outgoings recoverable (excl management fees and land tax at single rate ownership).
* Approximate building lettable area of 385m2.
* 22 bituminised on-site car bays which is extremely rare within the CBD.
Investigate the possibility of further development of the site under the Regional Center R-AC3 zoning for mixed use with offices, residential and retail., or simply hold and enjoy the rental income.
The property is For Sale by Expressions of Interest and would suit buyers in the high $ 1 millions.
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Property Details for 17 Albert St, Busselton

Building Type
Commercial
Land Size
1237m2

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About Busselton 6280

The size of Busselton is approximately 4.4 square kilometres. It has 7 parks covering nearly 8.6% of total area. The population of Busselton in 2011 was 1,716 people. By 2016 the population was 1,901 showing a population growth of 10.8% in the area during that time. The predominant age group in Busselton is 60-69 years. Households in Busselton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Busselton work in a labourer occupation. In 2011, 50% of the homes in Busselton were owner-occupied compared with 53.7% in 2016.

Busselton has 1,836 properties. Over the last 5 years, Houses in Busselton have seen a 99.04% increase in median value, while Units have seen a 162.39% increase. As at 30 September 2024:

  • The median value for Houses in Busselton is $785,854 while the median value for Units is $618,552.
  • Houses have a median rent of $650 while Units have a median rent of $585.
There are currently 11 properties listed for sale, and 6 properties listed for rent in Busselton on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Busselton.

Suburb Insights for Busselton 6280

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Matthew Snaddon
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First National Real Estate Busselton
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.